Real Estate Market Report for
Renews, NL

Updated : Aug 2016
House
  • Median price $162,450
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.85%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Renews Home Price

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Across the country as a whole, Renews is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

Want a cheaply priced house? Then at $162,450 this month, Renews, Newfoundland and Labrador is somewhere that you should look at price wise.

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.

From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Renews there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

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.

Newfoundland and Labrador 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
3 bedrooms $232,400
Demographics
  • Population in 2011310
  • Population in 2006421
  • 2006 to 2011 population change (%)-26.4
  • Total private dwellings234
  • Private dwellings occupied by usual residents144
  • Population density per square kilometre2.4
  • Land area (square km)127.84
  • Age Characteristics
    Total population by age groups 310
    0 to 4 years 10
    5 to 9 years 5
    10 to 14 years 10
    15 to 19 years 20
    15 years 5
    16 years 5
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 15
    25 to 29 years 10
    30 to 34 years 10
    35 to 39 years 5
    40 to 44 years 10
    45 to 49 years 30
    50 to 54 years 50
    55 to 59 years 40
    60 to 64 years 40
    65 to 69 years 20
    70 to 74 years 15
    75 to 79 years 10
    80 to 84 years 10
    85 years and over 10
    Median age of the population 53.7
    % of the population aged 15 and over 92.6
  • Marital Status
    Total population 15 years and over by marital status 290
    Married or living with a common-law partner 190
    Married (and not separated) 170
    Living common-law 20
    Not married and not living with a common-law partner 95
    Single (never legally married) 60
    Separated 5
    Divorced 15
    Widowed 15
    Family Characteristics
    Total number of census families in private households 110
    Size of census family: 2 persons 70
    Size of census family: 3 persons 25
    Size of census family: 4 persons 10
    Size of census family: 5 or more persons 0
    Total number of census families in private households 110
    Total couple families by family structure and number of children 95
    Married couples 80
    Without children at home 55
    With children at home 30
    1 child 15
    2 children 5
    3 or more children 0
    Common-law couples 10
    Without children at home 5
    With children at home 5
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 15
    Female parent 10
    1 child 10
    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 70
    Under six years of age 10
    6 to 14 years 15
    15 to 17 years 10
    18 to 24 years 25
    25 years and over 10
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 310
    Number of persons not in census families 40
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 35
    Number of census family persons 270
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 55
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 35
    Total number of private households by household type 145
    Census-family households 105
    One-family-only households 105
    Couple-family households 90
    Without children 55
    With children 30
    Lone-parent-family households 10
    Other family households 0
    One-family households with persons not in a census family 5
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 40
    One-person households 35
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 145
    Single-detached house 140
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 0
    Semi-detached house 0
    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 145
    1 person 35
    2 persons 70
    3 persons 30
    4 persons 10
    5 persons 0
    6 or more persons 0
    Number of persons in private households 310
    Average number of persons in private households 2.1
Census 2011

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