Real Estate Market Report for
Oil Springs, ON

Updated : Aug 2016
House
  • Median price $159,900
  • Monthly growth 208.09 %
  • Quarterly trend
  • Stock on market 2.98%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Oil Springs Home Price

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With a median listing price of $159,900, Oil Springs is Canada’s 3682th most expensive when ordered by median listing price.

With Oil Springs’s median house price at $159,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.

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

From our data, it appears that neighbourhood is number 2137th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Oil Springs there is more stock than three months ago. This would indicate pressure on prices easing.

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

Over the last three months in Oil Springs, 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 $51,900
3 bedrooms $159,900
Demographics
  • Population in 2011704
  • Population in 2006717
  • 2006 to 2011 population change (%)-1.8
  • Total private dwellings302
  • Private dwellings occupied by usual residents285
  • Population density per square kilometre86.1
  • Land area (square km)8.18
  • Age Characteristics
    Total population by age groups 705
    0 to 4 years 30
    5 to 9 years 45
    10 to 14 years 50
    15 to 19 years 55
    15 years 15
    16 years 10
    17 years 10
    18 years 10
    19 years 10
    20 to 24 years 45
    25 to 29 years 55
    30 to 34 years 35
    35 to 39 years 25
    40 to 44 years 45
    45 to 49 years 55
    50 to 54 years 70
    55 to 59 years 50
    60 to 64 years 35
    65 to 69 years 40
    70 to 74 years 30
    75 to 79 years 35
    80 to 84 years 10
    85 years and over 5
    Median age of the population 41.5
    % of the population aged 15 and over 83
  • Marital Status
    Total population 15 years and over by marital status 580
    Married or living with a common-law partner 365
    Married (and not separated) 315
    Living common-law 50
    Not married and not living with a common-law partner 220
    Single (never legally married) 140
    Separated 25
    Divorced 25
    Widowed 25
    Family Characteristics
    Total number of census families in private households 215
    Size of census family: 2 persons 105
    Size of census family: 3 persons 45
    Size of census family: 4 persons 50
    Size of census family: 5 or more persons 15
    Total number of census families in private households 215
    Total couple families by family structure and number of children 185
    Married couples 160
    Without children at home 80
    With children at home 80
    1 child 20
    2 children 40
    3 or more children 15
    Common-law couples 25
    Without children at home 15
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 35
    Female parent 20
    1 child 5
    2 children 10
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 220
    Under six years of age 35
    6 to 14 years 85
    15 to 17 years 35
    18 to 24 years 45
    25 years and over 15
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 700
    Number of persons not in census families 85
    Living with relatives 5
    Living with non-relatives only 10
    Living alone 70
    Number of census family persons 620
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 115
    Number of persons not in census families aged 65 years and over 25
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 25
    Number of census family persons aged 65 years and over 90
    Total number of private households by household type 285
    Census-family households 210
    One-family-only households 205
    Couple-family households 175
    Without children 95
    With children 85
    Lone-parent-family households 25
    Other family households 5
    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 5
    Two-or-more-family households 0
    Non-census-family households 70
    One-person households 70
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 285
    Single-detached house 260
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 20
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 0
    Total number of private households by household size 285
    1 person 70
    2 persons 105
    3 persons 45
    4 persons 50
    5 persons 10
    6 or more persons 5
    Number of persons in private households 700
    Average number of persons in private households 2.5
Census 2011

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