Real Estate Market Report for
Gander, NL

Updated : Aug 2016
House
  • Median price $264,200
  • Monthly growth 1.65 %
  • Quarterly trend
  • Stock on market 1.47%
Apartment
  • Median price $680,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.04%
Gander Home Price

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The median asking price in Gander is $264,200, an improvement on the median three months ago which was $268,750 .

With Gander’s median house price at $264,200 in Aug , it is above average compared to the rest of Newfoundland and Labrador.

If you’re looking at investment properties in Gander, then you’re most likely to find homes with 3 bedrooms on sale this month.

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

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gander there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

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

When our research team crunched the numbers we calculated that Gander has a median home price of $680,000.

Newfoundland and Labrador has the fourth least amount of properties available to property investors, with Gander having 12th most in the province, out of a total of 13.

Can we guarantee how well Gander is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
2 bedrooms $218,000
3 bedrooms $245,000
4 bedrooms $309,000
5 bedrooms $295,000
Demographics
  • Population in 201111054
  • Population in 20069951
  • 2006 to 2011 population change (%)11.1
  • Total private dwellings4751
  • Private dwellings occupied by usual residents4517
  • Population density per square kilometre106
  • Land area (square km)104.25
  • Age Characteristics
    Total population by age groups 11055
    0 to 4 years 635
    5 to 9 years 670
    10 to 14 years 670
    15 to 19 years 600
    15 years 115
    16 years 120
    17 years 130
    18 years 100
    19 years 130
    20 to 24 years 575
    25 to 29 years 660
    30 to 34 years 680
    35 to 39 years 860
    40 to 44 years 925
    45 to 49 years 890
    50 to 54 years 845
    55 to 59 years 715
    60 to 64 years 670
    65 to 69 years 455
    70 to 74 years 375
    75 to 79 years 340
    80 to 84 years 265
    85 years and over 230
    Median age of the population 41.1
    % of the population aged 15 and over 82.1
  • Marital Status
    Total population 15 years and over by marital status 9080
    Married or living with a common-law partner 5930
    Married (and not separated) 4985
    Living common-law 940
    Not married and not living with a common-law partner 3150
    Single (never legally married) 1905
    Separated 220
    Divorced 415
    Widowed 615
    Family Characteristics
    Total number of census families in private households 3395
    Size of census family: 2 persons 1765
    Size of census family: 3 persons 830
    Size of census family: 4 persons 670
    Size of census family: 5 or more persons 130
    Total number of census families in private households 3395
    Total couple families by family structure and number of children 2930
    Married couples 2455
    Without children at home 1220
    With children at home 1240
    1 child 565
    2 children 565
    3 or more children 105
    Common-law couples 470
    Without children at home 255
    With children at home 220
    1 child 130
    2 children 75
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 465
    Female parent 385
    1 child 240
    2 children 110
    3 or more children 35
    Male parent 80
    1 child 55
    2 children 25
    3 or more children 0
    Total children in census families in private households 3050
    Under six years of age 750
    6 to 14 years 1220
    15 to 17 years 355
    18 to 24 years 485
    25 years and over 240
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 10805
    Number of persons not in census families 1440
    Living with relatives 135
    Living with non-relatives only 255
    Living alone 1050
    Number of census family persons 9370
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 1440
    Number of persons not in census families aged 65 years and over 420
    Living with relatives 45
    Living with non-relatives only 10
    Living alone 360
    Number of census family persons aged 65 years and over 1015
    Total number of private households by household type 4515
    Census-family households 3345
    One-family-only households 3180
    Couple-family households 2780
    Without children 1380
    With children 1395
    Lone-parent-family households 395
    Other family households 170
    One-family households with persons not in a census family 125
    Couple-family households 80
    Without children 45
    With children 35
    Lone-parent-family households 45
    Two-or-more-family households 45
    Non-census-family households 1165
    One-person households 1050
    Two-or-more-person households 120
    Total number of occupied private dwellings by structural type of dwelling 4520
    Single-detached house 2970
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 1540
    Semi-detached house 320
    Row house 220
    Apartment, duplex 380
    Apartment, building that has fewer than five storeys 620
    Other single-attached house 0
    Total number of private households by household size 4515
    1 person 1050
    2 persons 1740
    3 persons 860
    4 persons 685
    5 persons 155
    6 or more persons 30
    Number of persons in private households 10810
    Average number of persons in private households 2.4
Census 2011

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