Real Estate Market Report for
Grand Bank, NL

Updated : Aug 2016
House
  • Median price $79,900
  • Monthly growth 1.13 %
  • Quarterly trend
  • Stock on market 1.29%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Grand Bank Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

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

While the median for Newfoundland and Labrador is $209,000 , which means that Grand Bank’s median price is $79,900 a lot lower than the rest of the province.

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

Newfoundland and Labrador has the second least amount of properties available to property investors, with Grand Bank having 38th most in the province, out of a total of 197.

Can we guarantee how well Grand Bank 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.

In Grand Bank, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

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

Over the last three months in Grand Bank, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
2 bedrooms $31,900
3 bedrooms $115,900
4 bedrooms $79,900
Demographics
  • Population in 20112415
  • Population in 20062580
  • 2006 to 2011 population change (%)-6.4
  • Total private dwellings1159
  • Private dwellings occupied by usual residents1072
  • Population density per square kilometre142.3
  • Land area (square km)16.97
  • Age Characteristics
    Total population by age groups 2415
    0 to 4 years 80
    5 to 9 years 80
    10 to 14 years 125
    15 to 19 years 130
    15 years 20
    16 years 35
    17 years 25
    18 years 25
    19 years 30
    20 to 24 years 80
    25 to 29 years 65
    30 to 34 years 95
    35 to 39 years 135
    40 to 44 years 145
    45 to 49 years 190
    50 to 54 years 215
    55 to 59 years 235
    60 to 64 years 235
    65 to 69 years 185
    70 to 74 years 130
    75 to 79 years 100
    80 to 84 years 105
    85 years and over 90
    Median age of the population 52
    % of the population aged 15 and over 88.3
  • Marital Status
    Total population 15 years and over by marital status 2135
    Married or living with a common-law partner 1435
    Married (and not separated) 1285
    Living common-law 150
    Not married and not living with a common-law partner 695
    Single (never legally married) 330
    Separated 40
    Divorced 70
    Widowed 255
    Family Characteristics
    Total number of census families in private households 795
    Size of census family: 2 persons 515
    Size of census family: 3 persons 155
    Size of census family: 4 persons 100
    Size of census family: 5 or more persons 20
    Total number of census families in private households 795
    Total couple families by family structure and number of children 705
    Married couples 630
    Without children at home 415
    With children at home 215
    1 child 115
    2 children 80
    3 or more children 20
    Common-law couples 75
    Without children at home 40
    With children at home 35
    1 child 20
    2 children 15
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 85
    Female parent 70
    1 child 50
    2 children 15
    3 or more children 5
    Male parent 20
    1 child 10
    2 children 5
    3 or more children 0
    Total children in census families in private households 510
    Under six years of age 95
    6 to 14 years 185
    15 to 17 years 75
    18 to 24 years 105
    25 years and over 55
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 2335
    Number of persons not in census families 325
    Living with relatives 30
    Living with non-relatives only 10
    Living alone 285
    Number of census family persons 2010
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 530
    Number of persons not in census families aged 65 years and over 180
    Living with relatives 15
    Living with non-relatives only 0
    Living alone 165
    Number of census family persons aged 65 years and over 345
    Total number of private households by household type 1070
    Census-family households 785
    One-family-only households 750
    Couple-family households 670
    Without children 430
    With children 240
    Lone-parent-family households 75
    Other family households 35
    One-family households with persons not in a census family 25
    Couple-family households 25
    Without children 10
    With children 10
    Lone-parent-family households 5
    Two-or-more-family households 10
    Non-census-family households 285
    One-person households 285
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 1070
    Single-detached house 1000
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 70
    Semi-detached house 15
    Row house 5
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 45
    Other single-attached house 5
    Total number of private households by household size 1075
    1 person 285
    2 persons 490
    3 persons 160
    4 persons 105
    5 persons 30
    6 or more persons 0
    Number of persons in private households 2335
    Average number of persons in private households 2.2
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?