Real Estate Market Report for
Terrace Bay, ON

Updated : Aug 2016
House
  • Median price $92,450
  • Monthly growth -2.16 %
  • Quarterly trend
  • Stock on market 2.43%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Terrace Bay Home Price

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The median asking price in Terrace Bay is $92,450, quite a drop from the median three months ago which was $94,900 .

When our research team crunched the numbers we calculated that Terrace Bay has a median home price of $92,450.

As one of Ontario’s many potential real estate investment neighbourhoods, Terrace Bay 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.

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 Terrace Bay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 29, this month we show 20.

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.

Ontario 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.

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

Beds Median price (House) Median price (Apartment)
3 bedrooms $78,400
Demographics
  • Population in 20111471
  • Population in 20061625
  • 2006 to 2011 population change (%)-9.5
  • Total private dwellings822
  • Private dwellings occupied by usual residents675
  • Population density per square kilometre9.7
  • Land area (square km)151.04
  • Age Characteristics
    Total population by age groups 1475
    0 to 4 years 70
    5 to 9 years 60
    10 to 14 years 60
    15 to 19 years 95
    15 years 15
    16 years 25
    17 years 15
    18 years 20
    19 years 25
    20 to 24 years 70
    25 to 29 years 75
    30 to 34 years 70
    35 to 39 years 50
    40 to 44 years 60
    45 to 49 years 145
    50 to 54 years 185
    55 to 59 years 160
    60 to 64 years 130
    65 to 69 years 80
    70 to 74 years 65
    75 to 79 years 40
    80 to 84 years 30
    85 years and over 30
    Median age of the population 49.6
    % of the population aged 15 and over 86.7
  • Marital Status
    Total population 15 years and over by marital status 1280
    Married or living with a common-law partner 800
    Married (and not separated) 675
    Living common-law 125
    Not married and not living with a common-law partner 480
    Single (never legally married) 260
    Separated 50
    Divorced 60
    Widowed 110
    Family Characteristics
    Total number of census families in private households 450
    Size of census family: 2 persons 270
    Size of census family: 3 persons 105
    Size of census family: 4 persons 45
    Size of census family: 5 or more persons 25
    Total number of census families in private households 450
    Total couple families by family structure and number of children 395
    Married couples 330
    Without children at home 205
    With children at home 125
    1 child 70
    2 children 40
    3 or more children 20
    Common-law couples 60
    Without children at home 40
    With children at home 25
    1 child 15
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 55
    Female parent 50
    1 child 25
    2 children 15
    3 or more children 5
    Male parent 10
    1 child 0
    2 children 5
    3 or more children 0
    Total children in census families in private households 350
    Under six years of age 90
    6 to 14 years 95
    15 to 17 years 55
    18 to 24 years 80
    25 years and over 35
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 1450
    Number of persons not in census families 260
    Living with relatives 15
    Living with non-relatives only 15
    Living alone 225
    Number of census family persons 1195
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 230
    Number of persons not in census families aged 65 years and over 75
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 70
    Number of census family persons aged 65 years and over 160
    Total number of private households by household type 675
    Census-family households 445
    One-family-only households 425
    Couple-family households 375
    Without children 235
    With children 145
    Lone-parent-family households 50
    Other family households 15
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 230
    One-person households 225
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 675
    Single-detached house 600
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 75
    Semi-detached house 15
    Row house 5
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 55
    Other single-attached house 0
    Total number of private households by household size 675
    1 person 225
    2 persons 265
    3 persons 95
    4 persons 55
    5 persons 25
    6 or more persons 10
    Number of persons in private households 1450
    Average number of persons in private households 2.1
Census 2011

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