Real Estate Market Report for
Gore Bay, ON

Updated : Aug 2016
House
  • Median price $229,000
  • Monthly growth -15.01 %
  • Quarterly trend
  • Stock on market 5.56%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Gore Bay Home Price

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Across the country as a whole, Gore Bay is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

The median house price listed in Gore Bay this month is $229,000.

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

According to our stats, Gore Bay is the neighbourhood that has the 317th most properties available to real estate investors in Ontario.

As one of Ontario’s many potential real estate investment neighbourhoods, Gore Bay 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.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Gore Bay, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 23, this month we show 23.

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.

Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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

Beds Median price (House) Median price (Apartment)
3 bedrooms $279,900
4 bedrooms $244,000
Demographics
  • Population in 2011850
  • Population in 2006924
  • 2006 to 2011 population change (%)-8
  • Total private dwellings414
  • Private dwellings occupied by usual residents366
  • Population density per square kilometre161.4
  • Land area (square km)5.27
  • Age Characteristics
    Total population by age groups 850
    0 to 4 years 40
    5 to 9 years 40
    10 to 14 years 35
    15 to 19 years 45
    15 years 5
    16 years 10
    17 years 10
    18 years 10
    19 years 5
    20 to 24 years 40
    25 to 29 years 30
    30 to 34 years 45
    35 to 39 years 35
    40 to 44 years 30
    45 to 49 years 70
    50 to 54 years 60
    55 to 59 years 70
    60 to 64 years 60
    65 to 69 years 50
    70 to 74 years 50
    75 to 79 years 50
    80 to 84 years 55
    85 years and over 50
    Median age of the population 51.6
    % of the population aged 15 and over 87.1
  • Marital Status
    Total population 15 years and over by marital status 740
    Married or living with a common-law partner 435
    Married (and not separated) 360
    Living common-law 75
    Not married and not living with a common-law partner 305
    Single (never legally married) 135
    Separated 20
    Divorced 30
    Widowed 115
    Family Characteristics
    Total number of census families in private households 235
    Size of census family: 2 persons 145
    Size of census family: 3 persons 40
    Size of census family: 4 persons 45
    Size of census family: 5 or more persons 10
    Total number of census families in private households 235
    Total couple families by family structure and number of children 210
    Married couples 175
    Without children at home 100
    With children at home 65
    1 child 25
    2 children 35
    3 or more children 10
    Common-law couples 40
    Without children at home 25
    With children at home 15
    1 child 5
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 25
    Female parent 15
    1 child 10
    2 children 5
    3 or more children 0
    Male parent 15
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 195
    Under six years of age 45
    6 to 14 years 70
    15 to 17 years 25
    18 to 24 years 40
    25 years and over 20
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 785
    Number of persons not in census families 145
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 125
    Number of census family persons 635
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 195
    Number of persons not in census families aged 65 years and over 80
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 80
    Number of census family persons aged 65 years and over 115
    Total number of private households by household type 365
    Census-family households 235
    One-family-only households 230
    Couple-family households 205
    Without children 125
    With children 75
    Lone-parent-family households 20
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 135
    One-person households 125
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 365
    Single-detached house 260
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 105
    Semi-detached house 5
    Row house 0
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 95
    Other single-attached house 0
    Total number of private households by household size 365
    1 person 125
    2 persons 140
    3 persons 40
    4 persons 40
    5 persons 10
    6 or more persons 5
    Number of persons in private households 785
    Average number of persons in private households 2.1
Census 2011

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