Real Estate Market Report for
Torbay, NL

Updated : Aug 2016
House
  • Median price $469,900
  • Monthly growth -1.05 %
  • Quarterly trend
  • Stock on market 2.29%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Torbay Home Price

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The median asking price in Torbay is $469,900, a substantial increase over the median three months ago which was $487,650 .

Torbay, Newfoundland and Labrador has a median house price of $469,900 when compiling all the home listings in Aug .

According to our stats, Torbay is the neighbourhood that has the 10th most properties available to real estate investors in Newfoundland and Labrador.

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

In Torbay, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

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

If you are looking at investment properties in Torbay, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
2 bedrooms $247,400
3 bedrooms $486,900
4 bedrooms $449,000
5 bedrooms $471,950
Demographics
  • Population in 20117397
  • Population in 20066281
  • 2006 to 2011 population change (%)17.8
  • Total private dwellings2662
  • Private dwellings occupied by usual residents2589
  • Population density per square kilometre212.1
  • Land area (square km)34.88
  • Age Characteristics
    Total population by age groups 7400
    0 to 4 years 630
    5 to 9 years 545
    10 to 14 years 405
    15 to 19 years 455
    15 years 75
    16 years 100
    17 years 105
    18 years 95
    19 years 80
    20 to 24 years 410
    25 to 29 years 365
    30 to 34 years 600
    35 to 39 years 735
    40 to 44 years 665
    45 to 49 years 595
    50 to 54 years 560
    55 to 59 years 440
    60 to 64 years 375
    65 to 69 years 220
    70 to 74 years 140
    75 to 79 years 105
    80 to 84 years 70
    85 years and over 70
    Median age of the population 37
    % of the population aged 15 and over 78.6
  • Marital Status
    Total population 15 years and over by marital status 5815
    Married or living with a common-law partner 3885
    Married (and not separated) 3245
    Living common-law 640
    Not married and not living with a common-law partner 1930
    Single (never legally married) 1350
    Separated 95
    Divorced 205
    Widowed 275
    Family Characteristics
    Total number of census families in private households 2235
    Size of census family: 2 persons 885
    Size of census family: 3 persons 565
    Size of census family: 4 persons 650
    Size of census family: 5 or more persons 135
    Total number of census families in private households 2230
    Total couple families by family structure and number of children 1925
    Married couples 1605
    Without children at home 545
    With children at home 1065
    1 child 395
    2 children 545
    3 or more children 120
    Common-law couples 320
    Without children at home 160
    With children at home 160
    1 child 75
    2 children 75
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 305
    Female parent 245
    1 child 145
    2 children 75
    3 or more children 25
    Male parent 60
    1 child 40
    2 children 15
    3 or more children 5
    Total children in census families in private households 2600
    Under six years of age 760
    6 to 14 years 815
    15 to 17 years 275
    18 to 24 years 500
    25 years and over 240
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 7325
    Number of persons not in census families 570
    Living with relatives 105
    Living with non-relatives only 105
    Living alone 365
    Number of census family persons 6755
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 545
    Number of persons not in census families aged 65 years and over 185
    Living with relatives 55
    Living with non-relatives only 10
    Living alone 120
    Number of census family persons aged 65 years and over 360
    Total number of private households by household type 2590
    Census-family households 2180
    One-family-only households 2025
    Couple-family households 1780
    Without children 625
    With children 1155
    Lone-parent-family households 245
    Other family households 150
    One-family households with persons not in a census family 95
    Couple-family households 70
    Without children 20
    With children 45
    Lone-parent-family households 25
    Two-or-more-family households 55
    Non-census-family households 410
    One-person households 365
    Two-or-more-person households 45
    Total number of occupied private dwellings by structural type of dwelling 2590
    Single-detached house 2390
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 200
    Semi-detached house 10
    Row house 0
    Apartment, duplex 165
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 0
    Total number of private households by household size 2590
    1 person 365
    2 persons 810
    3 persons 565
    4 persons 650
    5 persons 150
    6 or more persons 50
    Number of persons in private households 7325
    Average number of persons in private households 2.8
Census 2011

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