Real Estate Market Report for
Cormack, NL

Updated : Nov 2015
House
  • Median price $199,500
  • Monthly growth 2.70 %
  • Quarterly trend
  • Stock on market 1.14%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Cormack Home Price

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Canada’s national median home listing price this month is $309,000, which means that Cormack is close to average for Canada.

The $199,500 price tag on the median Cormack home means that it is about average price.

If you’re looking at investment properties in Cormack, then you’re most likely to find homes with 2 bedrooms on sale this month.

According to our stats, Cormack is the neighbourhood that has the 98th most properties available to real estate investors in Newfoundland and Labrador.

It’s never an exact art, but to try to forecast how property is going to appreciate in Cormack for investors, it’s important to look at data like:

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cormack there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Cormack needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Cormack have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $261,750
Demographics
  • Population in 2011605
  • Population in 2006657
  • 2006 to 2011 population change (%)-7.9
  • Total private dwellings263
  • Private dwellings occupied by usual residents234
  • Population density per square kilometre4.5
  • Land area (square km)135.23
  • Age Characteristics
    Total population by age groups 605
    0 to 4 years 25
    5 to 9 years 30
    10 to 14 years 40
    15 to 19 years 40
    15 years 10
    16 years 5
    17 years 10
    18 years 10
    19 years 10
    20 to 24 years 25
    25 to 29 years 15
    30 to 34 years 30
    35 to 39 years 45
    40 to 44 years 45
    45 to 49 years 55
    50 to 54 years 55
    55 to 59 years 55
    60 to 64 years 55
    65 to 69 years 30
    70 to 74 years 30
    75 to 79 years 15
    80 to 84 years 5
    85 years and over 5
    Median age of the population 45.3
    % of the population aged 15 and over 83.1
  • Marital Status
    Total population 15 years and over by marital status 500
    Married or living with a common-law partner 355
    Married (and not separated) 310
    Living common-law 40
    Not married and not living with a common-law partner 150
    Single (never legally married) 90
    Separated 15
    Divorced 25
    Widowed 15
    Family Characteristics
    Total number of census families in private households 200
    Size of census family: 2 persons 120
    Size of census family: 3 persons 40
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 10
    Total number of census families in private households 205
    Total couple families by family structure and number of children 175
    Married couples 160
    Without children at home 95
    With children at home 60
    1 child 25
    2 children 25
    3 or more children 10
    Common-law couples 20
    Without children at home 10
    With children at home 10
    1 child 0
    2 children 10
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 20
    1 child 10
    2 children 10
    3 or more children 5
    Male parent 5
    1 child 0
    2 children 5
    3 or more children 0
    Total children in census families in private households 170
    Under six years of age 35
    6 to 14 years 65
    15 to 17 years 20
    18 to 24 years 35
    25 years and over 15
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 605
    Number of persons not in census families 60
    Living with relatives 10
    Living with non-relatives only 20
    Living alone 30
    Number of census family persons 550
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 90
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 10
    Number of census family persons aged 65 years and over 70
    Total number of private households by household type 235
    Census-family households 195
    One-family-only households 180
    Couple-family households 165
    Without children 95
    With children 65
    Lone-parent-family households 15
    Other family households 15
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 40
    One-person households 30
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 235
    Single-detached house 230
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 5
    Semi-detached house 0
    Row house 0
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 235
    1 person 30
    2 persons 115
    3 persons 40
    4 persons 30
    5 persons 10
    6 or more persons 10
    Number of persons in private households 605
    Average number of persons in private households 2.6
Census 2011

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