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MARKET SNAPSHOT · UPDATED MARCH 2026

Ontario Secondary Market Dashboard

Vacancy rates, average rents, and cap rates for Ontario's fastest-growing secondary markets. Data sourced from CMHC, Statistics Canada, and proprietary transaction data.

LONDON, ON
Vacancy Rate
1.2%
↓ 0.4% YoY
Avg Rent (2BR)
$1,820
↑ 6.1% YoY
Cap Rate
5.4%
↑ 0.1% YoY
CHATHAM-KENT
Vacancy Rate
1.8%
↓ 0.3% YoY
Avg Rent (2BR)
$1,640
↑ 8.3% YoY
Cap Rate
6.1%
↑ 0.3% YoY
ST. THOMAS
Vacancy Rate
1.5%
↓ 0.2% YoY
Avg Rent (2BR)
$1,590
↑ 7.2% YoY
Cap Rate
5.8%
↑ 0.2% YoY
INGERSOLL
Vacancy Rate
0.9%
↓ 0.6% YoY
Avg Rent (2BR)
$1,520
↑ 9.1% YoY
Cap Rate
6.3%
↑ 0.4% YoY
DATA NOTES

Vacancy rates sourced from CMHC Rental Market Survey. Average rents reflect 2-bedroom purpose-built units. Cap rates based on transactions tracked by Foundation Capital in each market. Data updated quarterly. This information is for informational purposes only and does not constitute investment advice.

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