Real Estate Market Report for
Byng Inlet, ON

Home Top NeighbourhoodsByng Inlet, Ontario

Updated : Jul 2015

House

Median price $233,700
Monthly growth
Quarterly trend
Stock on market 0.08%

Apartment

Median price
Monthly growth
Quarterly trend
Stock on market

Byng Inlet Home Price

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House Report
Apartment Report

When looking across the province, Byng Inlet is the 907th most expensive in Ontario.

While the median for Ontario is $349,900 , which means that Byng Inlet’s median price is $233,700 better than average than the rest of the province.

Ontario has the most amount of properties available to property investors, with Byng Inlet having 1135th most in the province, out of a total of 1299.

Will prices rise across the next year in in Byng Inlet? There are a number of real estate indicators to consider.

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

Is Byng Inlet 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 Byng Inlet there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

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Demographics

Population in 20112199
Population in 20062424
2006 to 2011 population change (%)-9.3
Total private dwellings2637
Private dwellings occupied by usual residents1063
Population density per square kilometre0.8
Land area (square km)2697.64

Age Characteristics

Total population by age groups	2200
0 to 4 years	40
5 to 9 years	60
10 to 14 years	65
15 to 19 years	90
15 years	15
16 years	25
17 years	15
18 years	15
19 years	10
20 to 24 years	70
25 to 29 years	80
30 to 34 years	40
35 to 39 years	70
40 to 44 years	60
45 to 49 years	155
50 to 54 years	200
55 to 59 years	245
60 to 64 years	300
65 to 69 years	255
70 to 74 years	190
75 to 79 years	130
80 to 84 years	85
85 years and over	65
Median age of the population	58.6
% of the population aged 15 and over	92.7

Marital Status

Total population 15 years and over by marital status	2040
Married or living with a common-law partner	1350
Married (and not separated)	1190
Living common-law	160
Not married and not living with a common-law partner	690
Single (never legally married)	325
Separated	65
Divorced	125
Widowed	175

Family Characteristics

Total number of census families in private households	740
Size of census family: 2 persons	565
Size of census family: 3 persons	100
Size of census family: 4 persons	55
Size of census family: 5 or more persons	20
Total number of census families in private households	740
Total couple families by family structure and number of children	670
Married couples	590
Without children at home	460
With children at home	125
1 child	75
2 children	45
3 or more children	20
Common-law couples	80
Without children at home	50
With children at home	25
1 child	15
2 children	10
3 or more children	0
Total lone-parent families by sex of parent and number of children	70
Female parent	40
1 child	30
2 children	10
3 or more children	5
Male parent	25
1 child	20
2 children	5
3 or more children	5
Total children in census families in private households	345
Under six years of age	50
6 to 14 years	105
15 to 17 years	50
18 to 24 years	75
25 years and over	70
Average number of children at home per census family	0.5

Household And Dwelling Characteristics

Total number of persons in private households	2155
Number of persons not in census families	400
Living with relatives	35
Living with non-relatives only	65
Living alone	300
Number of census family persons	1755
Average number of persons per census family	2.4
Total number of persons 65 years and over in private households	715
Number of persons not in census families aged 65 years and over	195
Living with relatives	20
Living with non-relatives only	20
Living alone	160
Number of census family persons aged 65 years and over	520
Total number of private households by household type	1060
Census-family households	725
One-family-only households	695
Couple-family households	640
Without children	495
With children	140
Lone-parent-family households	55
Other family households	30
One-family households with persons not in a census family	25
Couple-family households	15
Without children	10
With children	5
Lone-parent-family households	10
Two-or-more-family households	10
Non-census-family households	335
One-person households	295
Two-or-more-person households	35
Total number of occupied private dwellings by structural type of dwelling	1065
Single-detached house	1025
Apartment, building that has five or more storeys	0
Movable dwelling	15
Other dwelling	20
Semi-detached house	5
Row house	0
Apartment, duplex	10
Apartment, building that has fewer than five storeys	5
Other single-attached house	0
Total number of private households by household size	1065
1 person	295
2 persons	570
3 persons	110
4 persons	60
5 persons	10
6 or more persons	10
Number of persons in private households	2155
Average number of persons in private households	2