Real Estate Market Report for
Grand Falls, NB

Updated : Aug 2016
House
  • Median price $149,900
  • Monthly growth 37.52 %
  • Quarterly trend
  • Stock on market 15.25%
Apartment
  • Median price $145,950
  • Monthly growth 62.34 %
  • Quarterly trend
  • Stock on market 1.98%
Grand Falls Home Price

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When looking across the province, Grand Falls is the 202th most expensive in New Brunswick.

In Aug the median listed house price of $149,900 in Grand Falls was an above average compared to the rest of New Brunswick.

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

From our data, it appears that neighbourhood is number 403th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

Will prices rise across the next year in in Grand Falls? There are a number of real estate indicators to consider.

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 Grand Falls, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 66, this month we show 77.

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

The $145,950 price tag on the median Grand Falls 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 Grand Falls has a huge choice compared to the rest of the province

New Brunswick 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.

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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $129,000 $152,000
3 bedrooms $117,000
4 bedrooms $142,250 $154,450
5 bedrooms $199,500
Demographics
  • Population in 20111172
  • Population in 20061188
  • 2006 to 2011 population change (%)-1.3
  • Total private dwellings505
  • Private dwellings occupied by usual residents459
  • Population density per square kilometre7.4
  • Land area (square km)158.43
  • Age Characteristics
    Total population by age groups 1170
    0 to 4 years 50
    5 to 9 years 60
    10 to 14 years 90
    15 to 19 years 95
    15 years 15
    16 years 15
    17 years 20
    18 years 25
    19 years 15
    20 to 24 years 75
    25 to 29 years 50
    30 to 34 years 50
    35 to 39 years 75
    40 to 44 years 95
    45 to 49 years 100
    50 to 54 years 125
    55 to 59 years 80
    60 to 64 years 75
    65 to 69 years 45
    70 to 74 years 35
    75 to 79 years 35
    80 to 84 years 25
    85 years and over 15
    Median age of the population 42.4
    % of the population aged 15 and over 83.1
  • Marital Status
    Total population 15 years and over by marital status 970
    Married or living with a common-law partner 590
    Married (and not separated) 480
    Living common-law 105
    Not married and not living with a common-law partner 390
    Single (never legally married) 245
    Separated 20
    Divorced 50
    Widowed 70
    Family Characteristics
    Total number of census families in private households 360
    Size of census family: 2 persons 180
    Size of census family: 3 persons 80
    Size of census family: 4 persons 60
    Size of census family: 5 or more persons 35
    Total number of census families in private households 360
    Total couple families by family structure and number of children 290
    Married couples 240
    Without children at home 110
    With children at home 125
    1 child 45
    2 children 45
    3 or more children 35
    Common-law couples 55
    Without children at home 30
    With children at home 25
    1 child 10
    2 children 10
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 65
    Female parent 45
    1 child 25
    2 children 15
    3 or more children 5
    Male parent 20
    1 child 15
    2 children 5
    3 or more children 0
    Total children in census families in private households 375
    Under six years of age 60
    6 to 14 years 135
    15 to 17 years 55
    18 to 24 years 85
    25 years and over 40
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1170
    Number of persons not in census families 145
    Living with relatives 10
    Living with non-relatives only 30
    Living alone 100
    Number of census family persons 1030
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 160
    Number of persons not in census families aged 65 years and over 45
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 35
    Number of census family persons aged 65 years and over 115
    Total number of private households by household type 460
    Census-family households 345
    One-family-only households 325
    Couple-family households 275
    Without children 140
    With children 135
    Lone-parent-family households 45
    Other family households 25
    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 5
    Two-or-more-family households 15
    Non-census-family households 110
    One-person households 100
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 460
    Single-detached house 415
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 20
    Semi-detached house 5
    Row house 20
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 5
    Total number of private households by household size 460
    1 person 100
    2 persons 175
    3 persons 75
    4 persons 70
    5 persons 30
    6 or more persons 10
    Number of persons in private households 1170
    Average number of persons in private households 2.6
Census 2011

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