Real Estate Market Report for
Petrolia, ON

Updated : Aug 2016
House
  • Median price $199,950
  • Monthly growth 60.34 %
  • Quarterly trend
  • Stock on market 1.12%
Apartment
  • Median price $149,900
  • Monthly growth 2.53 %
  • Quarterly trend
  • Stock on market 0.13%
Petrolia 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, Petrolia is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Ontario is $349,900 , which means that Petrolia’s median price is $199,950 below average than the rest of the province.

Investors looking for properties in Petrolia are most likely to find 3 bedroom homes on offer this month, with 5 bedroom potential investment properties the second most popular.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Petrolia has more than the average number to choose from compared to the rest of the province

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Petrolia will hopefully provide an indicator to help you where to research in-depth

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 Petrolia, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 31, this month we show 25.

Petrolia was Canada’s 848th most expensive suburb by listed median house price this month.

While the median for Ontario is $335,000 , which means that Petrolia’s median price is $149,900 a lot lower than the rest of the province.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

There are 196 neighbourhoods that have more properties on sale than Petrolia at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

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 Petrolia have increased which would tend to indicate that demand is not as high as supply.

Beds Median price (House) Median price (Apartment)
2 bedrooms $104,900
3 bedrooms $164,900
4 bedrooms $279,400
5 bedrooms $319,900
Demographics
  • Population in 20115528
  • Population in 20065222
  • 2006 to 2011 population change (%)5.9
  • Total private dwellings2223
  • Private dwellings occupied by usual residents2152
  • Population density per square kilometre435.8
  • Land area (square km)12.68
  • Age Characteristics
    Total population by age groups 5525
    0 to 4 years 335
    5 to 9 years 360
    10 to 14 years 330
    15 to 19 years 330
    15 years 70
    16 years 65
    17 years 65
    18 years 65
    19 years 60
    20 to 24 years 300
    25 to 29 years 330
    30 to 34 years 360
    35 to 39 years 355
    40 to 44 years 305
    45 to 49 years 370
    50 to 54 years 415
    55 to 59 years 405
    60 to 64 years 335
    65 to 69 years 255
    70 to 74 years 220
    75 to 79 years 210
    80 to 84 years 170
    85 years and over 155
    Median age of the population 41.1
    % of the population aged 15 and over 81.5
  • Marital Status
    Total population 15 years and over by marital status 4505
    Married or living with a common-law partner 2765
    Married (and not separated) 2445
    Living common-law 320
    Not married and not living with a common-law partner 1740
    Single (never legally married) 980
    Separated 130
    Divorced 225
    Widowed 400
    Family Characteristics
    Total number of census families in private households 1575
    Size of census family: 2 persons 775
    Size of census family: 3 persons 315
    Size of census family: 4 persons 340
    Size of census family: 5 or more persons 140
    Total number of census families in private households 1580
    Total couple families by family structure and number of children 1360
    Married couples 1200
    Without children at home 555
    With children at home 640
    1 child 230
    2 children 290
    3 or more children 120
    Common-law couples 160
    Without children at home 90
    With children at home 65
    1 child 35
    2 children 20
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 225
    Female parent 180
    1 child 100
    2 children 55
    3 or more children 30
    Male parent 40
    1 child 30
    2 children 5
    3 or more children 5
    Total children in census families in private households 1695
    Under six years of age 410
    6 to 14 years 600
    15 to 17 years 195
    18 to 24 years 335
    25 years and over 155
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 5330
    Number of persons not in census families 700
    Living with relatives 55
    Living with non-relatives only 90
    Living alone 550
    Number of census family persons 4635
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 850
    Number of persons not in census families aged 65 years and over 305
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 280
    Number of census family persons aged 65 years and over 545
    Total number of private households by household type 2150
    Census-family households 1560
    One-family-only households 1495
    Couple-family households 1310
    Without children 625
    With children 685
    Lone-parent-family households 185
    Other family households 70
    One-family households with persons not in a census family 50
    Couple-family households 30
    Without children 10
    With children 15
    Lone-parent-family households 25
    Two-or-more-family households 15
    Non-census-family households 590
    One-person households 550
    Two-or-more-person households 40
    Total number of occupied private dwellings by structural type of dwelling 2155
    Single-detached house 1815
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 340
    Semi-detached house 75
    Row house 60
    Apartment, duplex 15
    Apartment, building that has fewer than five storeys 185
    Other single-attached house 5
    Total number of private households by household size 2150
    1 person 550
    2 persons 760
    3 persons 330
    4 persons 345
    5 persons 115
    6 or more persons 45
    Number of persons in private households 5330
    Average number of persons in private households 2.5
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?