Real Estate Market Report for
Labrador City, NL

Updated : Aug 2016
House
  • Median price $229,450
  • Monthly growth -6.13 %
  • Quarterly trend
  • Stock on market 1.01%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Labrador City Home Price

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Canada’s national median home listing price this month is $290,900, which means that Labrador City is close to average for Canada.

The median house price listed in Labrador City this month is $229,450.

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.

There are 197 neighbourhoods that have more properties on sale than Labrador City at the moment in Newfoundland and Labrador which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

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 Labrador City, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 22, this month we show 30.

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.

As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Labrador City 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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Labrador City have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $220,800
3 bedrooms $218,950
4 bedrooms $253,000
5 bedrooms $249,000
Demographics
  • Population in 20117367
  • Population in 20067240
  • 2006 to 2011 population change (%)1.8
  • Total private dwellings2976
  • Private dwellings occupied by usual residents2859
  • Population density per square kilometre189.7
  • Land area (square km)38.83
  • Age Characteristics
    Total population by age groups 7365
    0 to 4 years 425
    5 to 9 years 445
    10 to 14 years 485
    15 to 19 years 465
    15 years 110
    16 years 85
    17 years 85
    18 years 100
    19 years 90
    20 to 24 years 510
    25 to 29 years 565
    30 to 34 years 610
    35 to 39 years 640
    40 to 44 years 625
    45 to 49 years 570
    50 to 54 years 540
    55 to 59 years 605
    60 to 64 years 455
    65 to 69 years 220
    70 to 74 years 100
    75 to 79 years 55
    80 to 84 years 25
    85 years and over 20
    Median age of the population 36.4
    % of the population aged 15 and over 81.6
  • Marital Status
    Total population 15 years and over by marital status 6010
    Married or living with a common-law partner 4150
    Married (and not separated) 3110
    Living common-law 1040
    Not married and not living with a common-law partner 1860
    Single (never legally married) 1390
    Separated 115
    Divorced 200
    Widowed 155
    Family Characteristics
    Total number of census families in private households 2305
    Size of census family: 2 persons 1105
    Size of census family: 3 persons 615
    Size of census family: 4 persons 485
    Size of census family: 5 or more persons 105
    Total number of census families in private households 2305
    Total couple families by family structure and number of children 2055
    Married couples 1535
    Without children at home 715
    With children at home 815
    1 child 380
    2 children 370
    3 or more children 70
    Common-law couples 520
    Without children at home 250
    With children at home 270
    1 child 150
    2 children 90
    3 or more children 30
    Total lone-parent families by sex of parent and number of children 255
    Female parent 180
    1 child 95
    2 children 55
    3 or more children 25
    Male parent 75
    1 child 45
    2 children 25
    3 or more children 10
    Total children in census families in private households 2170
    Under six years of age 510
    6 to 14 years 840
    15 to 17 years 270
    18 to 24 years 405
    25 years and over 145
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 7345
    Number of persons not in census families 815
    Living with relatives 105
    Living with non-relatives only 200
    Living alone 510
    Number of census family persons 6525
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 420
    Number of persons not in census families aged 65 years and over 95
    Living with relatives 20
    Living with non-relatives only 5
    Living alone 70
    Number of census family persons aged 65 years and over 315
    Total number of private households by household type 2860
    Census-family households 2265
    One-family-only households 2135
    Couple-family households 1925
    Without children 890
    With children 1035
    Lone-parent-family households 210
    Other family households 125
    One-family households with persons not in a census family 90
    Couple-family households 70
    Without children 40
    With children 30
    Lone-parent-family households 20
    Two-or-more-family households 40
    Non-census-family households 595
    One-person households 515
    Two-or-more-person households 85
    Total number of occupied private dwellings by structural type of dwelling 2860
    Single-detached house 1420
    Apartment, building that has five or more storeys 60
    Movable dwelling 250
    Other dwelling 1125
    Semi-detached house 535
    Row house 325
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 260
    Other single-attached house 5
    Total number of private households by household size 2860
    1 person 510
    2 persons 1065
    3 persons 630
    4 persons 510
    5 persons 115
    6 or more persons 30
    Number of persons in private households 7345
    Average number of persons in private households 2.6
Census 2011

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