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Algoma, ON

Updated: Aug 2016
House
Median price $289,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.17%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Algoma Home Price

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

While the median for Ontario is $349,900 , which means that Algoma’s median price is $289,900 better than average than the rest of the province.

Algoma’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.

There are 1145 neighbourhoods that have more properties on sale than Algoma at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

It’s never an exact art, but to try to forecast how property is going to appreciate in Algoma for investors, it’s important to look at data like:

If you are looking at investment properties in Algoma, 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.

As one of Ontario’s many potential real estate investment neighbourhoods, Algoma 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 Algoma 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)
2 bedrooms $259,900
Demographics
  • Population in 20112306
  • Population in 20062415
  • 2006 to 2011 population change (%)-4.5
  • Total private dwellings1728
  • Private dwellings occupied by usual residents1059
  • Population density per square kilometre0.1
  • Land area (square km)35594.71

Age Characteristics

Total population by age groups 2305
0 to 4 years 70
5 to 9 years 60
10 to 14 years 105
15 to 19 years 100
15 years 25
16 years 20
17 years 20
18 years 20
19 years 10
20 to 24 years 80
25 to 29 years 60
30 to 34 years 85
35 to 39 years 85
40 to 44 years 115
45 to 49 years 215
50 to 54 years 260
55 to 59 years 290
60 to 64 years 295
65 to 69 years 210
70 to 74 years 135
75 to 79 years 95
80 to 84 years 35
85 years and over 20
Median age of the population 53.4
% of the population aged 15 and over 90.1

Marital Status

Total population 15 years and over by marital status 2080
Married or living with a common-law partner 1470
Married (and not separated) 1225
Living common-law 245
Not married and not living with a common-law partner 605
Single (never legally married) 340
Separated 65
Divorced 90
Widowed 115

Family Characteristics

Total number of census families in private households 805
Size of census family: 2 persons 580
Size of census family: 3 persons 115
Size of census family: 4 persons 85
Size of census family: 5 or more persons 25
Total number of census families in private households 805
Total couple families by family structure and number of children 730
Married couples 605
Without children at home 440
With children at home 170
1 child 90
2 children 60
3 or more children 15
Common-law couples 125
Without children at home 80
With children at home 40
1 child 15
2 children 15
3 or more children 10
Total lone-parent families by sex of parent and number of children 80
Female parent 55
1 child 45
2 children 10
3 or more children 5
Male parent 25
1 child 15
2 children 5
3 or more children 0
Total children in census families in private households 445
Under six years of age 80
6 to 14 years 140
15 to 17 years 65
18 to 24 years 95
25 years and over 65
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 2300
Number of persons not in census families 320
Living with relatives 35
Living with non-relatives only 35
Living alone 250
Number of census family persons 1980
Average number of persons per census family 2.5
Total number of persons 65 years and over in private households 485
Number of persons not in census families aged 65 years and over 120
Living with relatives 10
Living with non-relatives only 10
Living alone 100
Number of census family persons aged 65 years and over 365
Total number of private households by household type 1055
Census-family households 795
One-family-only households 750
Couple-family households 695
Without children 495
With children 200
Lone-parent-family households 55
Other family households 45
One-family households with persons not in a census family 30
Couple-family households 20
Without children 10
With children 5
Lone-parent-family households 15
Two-or-more-family households 10
Non-census-family households 265
One-person households 250
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 1060
Single-detached house 1005
Apartment, building that has five or more storeys 0
Movable dwelling 20
Other dwelling 35
Semi-detached house 10
Row house 0
Apartment, duplex 5
Apartment, building that has fewer than five storeys 5
Other single-attached house 15
Total number of private households by household size 1060
1 person 250
2 persons 555
3 persons 135
4 persons 80
5 persons 30
6 or more persons 5
Number of persons in private households 2300
Average number of persons in private households 2.2

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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