Real Estate Market Report for
Faraday, ON

Updated : Aug 2016

House

Median price $220,000
Monthly growth 112.56 %
Quarterly trend
Stock on market 1.23%

Apartment

Median price
Monthly growth
Quarterly trend
Stock on market

Faraday Home Price

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House Report
Apartment Report

When looking across the province, Faraday is the 859th most expensive in Ontario.

In Aug the median listed house price of $220,000 in Faraday was a below average compared to the rest of Ontario.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

Ontario has the most amount of properties available to property investors, with Faraday having 421th most in the province, out of a total of 1145.

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

In Faraday, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

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.

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

In Faraday, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Research property data for another neighbourhood

Beds	Median price (House)	Median price (Apartment)
2 bedrooms	$109,900
3 bedrooms	$336,950
4 bedrooms	$222,500

Demographics

Population in 20111468
Population in 20061578
2006 to 2011 population change (%)-7
Total private dwellings1224
Private dwellings occupied by usual residents646
Population density per square kilometre6.7
Land area (square km)217.97

Age Characteristics

Total population by age groups	1465
0 to 4 years	40
5 to 9 years	55
10 to 14 years	60
15 to 19 years	90
15 years	20
16 years	10
17 years	20
18 years	25
19 years	15
20 to 24 years	65
25 to 29 years	40
30 to 34 years	35
35 to 39 years	55
40 to 44 years	85
45 to 49 years	145
50 to 54 years	145
55 to 59 years	155
60 to 64 years	160
65 to 69 years	135
70 to 74 years	105
75 to 79 years	60
80 to 84 years	30
85 years and over	20
Median age of the population	52.5
% of the population aged 15 and over	89.5

Marital Status

Total population 15 years and over by marital status	1315
Married or living with a common-law partner	845
Married (and not separated)	705
Living common-law	140
Not married and not living with a common-law partner	470
Single (never legally married)	255
Separated	35
Divorced	85
Widowed	100

Family Characteristics

Total number of census families in private households	480
Size of census family: 2 persons	330
Size of census family: 3 persons	75
Size of census family: 4 persons	45
Size of census family: 5 or more persons	25
Total number of census families in private households	480
Total couple families by family structure and number of children	420
Married couples	350
Without children at home	240
With children at home	115
1 child	50
2 children	40
3 or more children	25
Common-law couples	70
Without children at home	45
With children at home	25
1 child	15
2 children	5
3 or more children	0
Total lone-parent families by sex of parent and number of children	65
Female parent	40
1 child	30
2 children	10
3 or more children	0
Male parent	20
1 child	15
2 children	5
3 or more children	0
Total children in census families in private households	330
Under six years of age	55
6 to 14 years	100
15 to 17 years	45
18 to 24 years	80
25 years and over	45
Average number of children at home per census family	0.7

Household And Dwelling Characteristics

Total number of persons in private households	1465
Number of persons not in census families	230
Living with relatives	30
Living with non-relatives only	45
Living alone	160
Number of census family persons	1230
Average number of persons per census family	2.6
Total number of persons 65 years and over in private households	345
Number of persons not in census families aged 65 years and over	95
Living with relatives	15
Living with non-relatives only	5
Living alone	70
Number of census family persons aged 65 years and over	255
Total number of private households by household type	650
Census-family households	465
One-family-only households	425
Couple-family households	385
Without children	260
With children	125
Lone-parent-family households	40
Other family households	45
One-family households with persons not in a census family	30
Couple-family households	15
Without children	10
With children	5
Lone-parent-family households	10
Two-or-more-family households	15
Non-census-family households	180
One-person households	155
Two-or-more-person households	25
Total number of occupied private dwellings by structural type of dwelling	645
Single-detached house	590
Apartment, building that has five or more storeys	0
Movable dwelling	35
Other dwelling	20
Semi-detached house	5
Row house	0
Apartment, duplex	5
Apartment, building that has fewer than five storeys	5
Other single-attached house	0
Total number of private households by household size	645
1 person	155
2 persons	310
3 persons	85
4 persons	60
5 persons	25
6 or more persons	15
Number of persons in private households	1460
Average number of persons in private households	2.3