London Newcomer Guide (2026)
Over 7,000 newcomers settle here annually. Here is what you need to know about banking, housing, transit, and community resources.
At a glance: London
Province
Ontario (see Ontario guide →)
Population
420K metro
Top newcomer languages
Banking in London
London has all major Canadian banks represented. London has a growing Arab and South Asian community, and several TD and Scotiabank branches have Arabic and Punjabi staff.
Regardless of which bank you choose, we recommend also getting a KOHO card to start building Canadian credit immediately — no credit history required. This gives you a head start on the 12–18 month credit-building timeline you will need for a mortgage or car loan.
Housing costs in London
London is among the most affordable large cities in Ontario. Average 1-bedroom: ~$1,400–$1,700/mo. South and East London have the lowest rents.
Getting around London
London Transit Commission (LTC) operates buses. Monthly adult pass is ~$89. No rapid transit currently (Bus Rapid Transit under planning).
Jobs and employment in London
Healthcare (London Health Sciences Centre), insurance (London is an insurance industry hub), education (Western University), and manufacturing are key sectors. LUSO Community Services and YMCA Employment offer newcomer support.
Government-funded settlement agencies offer free employment support, résumé help, and job placement for newcomers. Search for IRCC-funded settlement services in London on the IRCC settlement services directory.