Real Estate Market Report for
North River, NL

Updated : Aug 2016
House
  • Median price $224,900
  • Monthly growth 11.11 %
  • Quarterly trend
  • Stock on market 3.69%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
North River Home Price

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

While the median for Newfoundland and Labrador is $209,000 , which means that North River’s median price is $224,900 better than average than the rest of the province.

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 North River has more than the average number to choose from compared to the rest of the province

When we look at the data we have, it can help with trying to establish whether or not North River is a good investment target.

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

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

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 North River have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $224,900
3 bedrooms $149,900
4 bedrooms $234,900
Demographics
  • Population in 2011562
  • Population in 2006557
  • 2006 to 2011 population change (%)0.9
  • Total private dwellings271
  • Private dwellings occupied by usual residents233
  • Population density per square kilometre130.1
  • Land area (square km)4.32
  • Age Characteristics
    Total population by age groups 565
    0 to 4 years 25
    5 to 9 years 30
    10 to 14 years 30
    15 to 19 years 30
    15 years 5
    16 years 5
    17 years 5
    18 years 5
    19 years 0
    20 to 24 years 30
    25 to 29 years 20
    30 to 34 years 30
    35 to 39 years 55
    40 to 44 years 30
    45 to 49 years 50
    50 to 54 years 50
    55 to 59 years 45
    60 to 64 years 50
    65 to 69 years 35
    70 to 74 years 25
    75 to 79 years 15
    80 to 84 years 5
    85 years and over 5
    Median age of the population 45.2
    % of the population aged 15 and over 84.3
  • Marital Status
    Total population 15 years and over by marital status 470
    Married or living with a common-law partner 320
    Married (and not separated) 270
    Living common-law 50
    Not married and not living with a common-law partner 150
    Single (never legally married) 95
    Separated 5
    Divorced 20
    Widowed 30
    Family Characteristics
    Total number of census families in private households 185
    Size of census family: 2 persons 100
    Size of census family: 3 persons 50
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 5
    Total number of census families in private households 180
    Total couple families by family structure and number of children 160
    Married couples 135
    Without children at home 70
    With children at home 65
    1 child 35
    2 children 25
    3 or more children 5
    Common-law couples 25
    Without children at home 10
    With children at home 15
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 20
    1 child 15
    2 children 5
    3 or more children 0
    Male parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 155
    Under six years of age 30
    6 to 14 years 60
    15 to 17 years 15
    18 to 24 years 30
    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 565
    Number of persons not in census families 65
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 55
    Number of census family persons 495
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 90
    Number of persons not in census families aged 65 years and over 30
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 60
    Total number of private households by household type 230
    Census-family households 175
    One-family-only households 160
    Couple-family households 145
    Without children 75
    With children 70
    Lone-parent-family households 20
    Other family households 15
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 55
    One-person households 60
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 235
    Single-detached house 235
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 5
    Semi-detached house 5
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 235
    1 person 55
    2 persons 85
    3 persons 45
    4 persons 30
    5 persons 10
    6 or more persons 5
    Number of persons in private households 560
    Average number of persons in private households 2.4
Census 2011

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