Real Estate Market Report for
Elliot Lake, ON

Updated : Aug 2016
House
  • Median price $103,900
  • Monthly growth 7.16 %
  • Quarterly trend
  • Stock on market 1.94%
Apartment
  • Median price $31,500
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.11%
Elliot Lake Home Price

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Across the country as a whole, Elliot Lake is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

Want a cheaply priced house? Then at $103,900 this month, Elliot Lake, Ontario do not consider price wise.

Investors looking for properties in Elliot Lake are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

Ontario has the most amount of properties available to property investors, with Elliot Lake having 74th most in the province, out of a total of 1145.

As one of Ontario’s many potential real estate investment neighbourhoods, Elliot Lake 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.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

When looking across the province, Elliot Lake is the 196th most expensive in Ontario.

The $31,500 price tag on the median Elliot Lake home means that it is very cheap in comparison to the rest of the nation.

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

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Elliot Lake has a pretty average amount compared to the rest of the province

Is Elliot Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

In Elliot Lake, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

Beds Median price (House) Median price (Apartment)
1 bedroom $29,900
2 bedrooms $103,300 $78,200
3 bedrooms $98,000
4 bedrooms $118,700
5 bedrooms $139,700
Demographics
  • Population in 201111348
  • Population in 200611549
  • 2006 to 2011 population change (%)-1.7
  • Total private dwellings6245
  • Private dwellings occupied by usual residents5680
  • Population density per square kilometre15.9
  • Land area (square km)714.56
  • Age Characteristics
    Total population by age groups 11350
    0 to 4 years 335
    5 to 9 years 390
    10 to 14 years 430
    15 to 19 years 555
    15 years 100
    16 years 125
    17 years 100
    18 years 105
    19 years 120
    20 to 24 years 440
    25 to 29 years 340
    30 to 34 years 335
    35 to 39 years 405
    40 to 44 years 475
    45 to 49 years 705
    50 to 54 years 900
    55 to 59 years 930
    60 to 64 years 1130
    65 to 69 years 1195
    70 to 74 years 1145
    75 to 79 years 820
    80 to 84 years 510
    85 years and over 315
    Median age of the population 57.1
    % of the population aged 15 and over 89.9
  • Marital Status
    Total population 15 years and over by marital status 10195
    Married or living with a common-law partner 5980
    Married (and not separated) 4925
    Living common-law 1055
    Not married and not living with a common-law partner 4220
    Single (never legally married) 1860
    Separated 400
    Divorced 845
    Widowed 1105
    Family Characteristics
    Total number of census families in private households 3490
    Size of census family: 2 persons 2545
    Size of census family: 3 persons 470
    Size of census family: 4 persons 315
    Size of census family: 5 or more persons 155
    Total number of census families in private households 3490
    Total couple families by family structure and number of children 2950
    Married couples 2420
    Without children at home 1855
    With children at home 565
    1 child 270
    2 children 205
    3 or more children 95
    Common-law couples 525
    Without children at home 340
    With children at home 185
    1 child 80
    2 children 70
    3 or more children 35
    Total lone-parent families by sex of parent and number of children 540
    Female parent 410
    1 child 265
    2 children 90
    3 or more children 55
    Male parent 130
    1 child 85
    2 children 25
    3 or more children 20
    Total children in census families in private households 2160
    Under six years of age 405
    6 to 14 years 735
    15 to 17 years 305
    18 to 24 years 435
    25 years and over 280
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 11165
    Number of persons not in census families 2565
    Living with relatives 160
    Living with non-relatives only 355
    Living alone 2045
    Number of census family persons 8600
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 3840
    Number of persons not in census families aged 65 years and over 1310
    Living with relatives 50
    Living with non-relatives only 100
    Living alone 1160
    Number of census family persons aged 65 years and over 2525
    Total number of private households by household type 5680
    Census-family households 3465
    One-family-only households 3280
    Couple-family households 2840
    Without children 2125
    With children 715
    Lone-parent-family households 445
    Other family households 185
    One-family households with persons not in a census family 160
    Couple-family households 80
    Without children 50
    With children 35
    Lone-parent-family households 80
    Two-or-more-family households 20
    Non-census-family households 2210
    One-person households 2045
    Two-or-more-person households 165
    Total number of occupied private dwellings by structural type of dwelling 5680
    Single-detached house 2605
    Apartment, building that has five or more storeys 535
    Movable dwelling 5
    Other dwelling 2540
    Semi-detached house 1070
    Row house 600
    Apartment, duplex 110
    Apartment, building that has fewer than five storeys 765
    Other single-attached house 5
    Total number of private households by household size 5680
    1 person 2045
    2 persons 2570
    3 persons 530
    4 persons 350
    5 persons 140
    6 or more persons 45
    Number of persons in private households 11165
    Average number of persons in private households 2
Census 2011

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