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Grand Bank, NL

Updated: Aug 2016
House
Median price $79,900
Monthly growth 1.13 %
Quarterly trend
Stock on market 1.29%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Grand Bank Home Price

Across the country as a whole, Grand Bank is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Newfoundland and Labrador is $209,000 , which means that Grand Bank’s median price is $79,900 a lot lower than the rest of the province.

Investors looking for properties in Grand Bank are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

Newfoundland and Labrador has the second least amount of properties available to property investors, with Grand Bank having 38th most in the province, out of a total of 197.

Can we guarantee how well Grand Bank is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

In Grand Bank, 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.

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

Over the last three months in Grand Bank, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
2 bedrooms $31,900
3 bedrooms $115,900
4 bedrooms $79,900
Demographics
  • Population in 20112415
  • Population in 20062580
  • 2006 to 2011 population change (%)-6.4
  • Total private dwellings1159
  • Private dwellings occupied by usual residents1072
  • Population density per square kilometre142.3
  • Land area (square km)16.97

Age Characteristics

Total population by age groups 2415
0 to 4 years 80
5 to 9 years 80
10 to 14 years 125
15 to 19 years 130
15 years 20
16 years 35
17 years 25
18 years 25
19 years 30
20 to 24 years 80
25 to 29 years 65
30 to 34 years 95
35 to 39 years 135
40 to 44 years 145
45 to 49 years 190
50 to 54 years 215
55 to 59 years 235
60 to 64 years 235
65 to 69 years 185
70 to 74 years 130
75 to 79 years 100
80 to 84 years 105
85 years and over 90
Median age of the population 52
% of the population aged 15 and over 88.3

Marital Status

Total population 15 years and over by marital status 2135
Married or living with a common-law partner 1435
Married (and not separated) 1285
Living common-law 150
Not married and not living with a common-law partner 695
Single (never legally married) 330
Separated 40
Divorced 70
Widowed 255

Family Characteristics

Total number of census families in private households 795
Size of census family: 2 persons 515
Size of census family: 3 persons 155
Size of census family: 4 persons 100
Size of census family: 5 or more persons 20
Total number of census families in private households 795
Total couple families by family structure and number of children 705
Married couples 630
Without children at home 415
With children at home 215
1 child 115
2 children 80
3 or more children 20
Common-law couples 75
Without children at home 40
With children at home 35
1 child 20
2 children 15
3 or more children 5
Total lone-parent families by sex of parent and number of children 85
Female parent 70
1 child 50
2 children 15
3 or more children 5
Male parent 20
1 child 10
2 children 5
3 or more children 0
Total children in census families in private households 510
Under six years of age 95
6 to 14 years 185
15 to 17 years 75
18 to 24 years 105
25 years and over 55
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 2335
Number of persons not in census families 325
Living with relatives 30
Living with non-relatives only 10
Living alone 285
Number of census family persons 2010
Average number of persons per census family 2.5
Total number of persons 65 years and over in private households 530
Number of persons not in census families aged 65 years and over 180
Living with relatives 15
Living with non-relatives only 0
Living alone 165
Number of census family persons aged 65 years and over 345
Total number of private households by household type 1070
Census-family households 785
One-family-only households 750
Couple-family households 670
Without children 430
With children 240
Lone-parent-family households 75
Other family households 35
One-family households with persons not in a census family 25
Couple-family households 25
Without children 10
With children 10
Lone-parent-family households 5
Two-or-more-family households 10
Non-census-family households 285
One-person households 285
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 1070
Single-detached house 1000
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 70
Semi-detached house 15
Row house 5
Apartment, duplex 0
Apartment, building that has fewer than five storeys 45
Other single-attached house 5
Total number of private households by household size 1075
1 person 285
2 persons 490
3 persons 160
4 persons 105
5 persons 30
6 or more persons 0
Number of persons in private households 2335
Average number of persons in private households 2.2

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