St. Thomas’s average sale price was $544,865 in September 2026, down from $557,485 in August. The typical home MLS® HPI benchmark is $496,800, below London South and London North.
Neighbourhood Breakdown
| Neighbourhood | Character / Price Tier | What's Happening |
|---|---|---|
| Pinafore Park & Elm Street | Established streets around the 111-acre Pinafore Park, near the hospital | Mature-lot bungalows and two-storeys; steady demand from hospital staff and families |
| Lake Margaret | Newer south-side homes built around Lake Margaret and its trail | Newer detached homes, semis and townhomes, including one-storey designs that suit downsizers |
| Harvest Run | Southeast new-build community, closest new-build area to the PowerCo site | New detached homes and townhomes, with more phases still being built |
| Northeast end & Dalewood | Established homes near Elgin Centre and Dalewood Conservation Area | The resale option nearest the PowerCo site; expect construction traffic for a few years |
Andy's Demand Score by Neighbourhood (1-5)
| Neighbourhood | Andy's Demand Score |
|---|---|
| Pinafore Park & Elm St. | 4/5 |
| Lake Margaret | 4/5 |
| Northeast & Dalewood | 3/5 |
| Harvest Run | 3/5 |
My own read on current buyer competition, not an official statistic. There are no reliable public per-neighbourhood price figures for St. Thomas, so this chart is opinion, not market data.
What This Means For You
With the city's average down about $12,600 in a month and the LSTAR region at 5.9 months of inventory, St. Thomas buyers have choice this fall. Harvest Run's ongoing phases mean resale homes there compete with brand-new builds, which keeps resale prices honest. Pinafore and Lake Margaret resales see more interest because there's simply less of that product. Sellers in established pockets are in a better position than sellers in active new-build areas.
Andy's Take
I'd score Harvest Run lower than the PowerCo headlines suggest, because a resale seller there is competing with the builder's next phase, and builders can offer incentives a homeowner can't. Pinafore Park and Lake Margaret are where I'd expect a well-priced home to sell first this fall. For buyers moving here for PowerCo jobs, with production targeted for 2027, I'd look at Northeast end resales now, before the hiring wave turns into a bidding wave.
Quick Tip
If you're comparing a St. Thomas resale with a new build in Harvest Run or Lake Margaret, add the new build's closing adjustments (development charges, HST adjustments, Tarion enrolment) to the price first. The sticker price on a new build is rarely what you'll pay at closing.
