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Lake, ON

Updated: Oct 2014
House
Median price $359,900
Monthly growth
Quarterly trend
Stock on market 0.12%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Lake Home Price

When looking across the province, Lake is the 314th most expensive in Ontario.

Want a cheaply priced house? Then at $359,900 this month, Lake, Ontario is probably not for you price wise.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

Ontario has the third most amount of properties available to property investors, with Lake having 953th most in the province, out of a total of 1227.

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

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

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

As one of Ontario’s many potential real estate investment neighbourhoods, Lake 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 Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Demographics
  • 2006 to 2011 population change (%)4.1
  • Total private dwellings2503
  • Private dwellings occupied by usual residents1691
  • Population density per square kilometre7.3
  • Land area (square km)556.19
  • Population in 20114074
  • Population in 20063912

Age Characteristics

Total population by age groups 4070
0 to 4 years 170
5 to 9 years 195
10 to 14 years 195
15 to 19 years 245
15 years 45
16 years 55
17 years 45
18 years 55
19 years 35
20 to 24 years 155
25 to 29 years 140
30 to 34 years 170
35 to 39 years 190
40 to 44 years 230
45 to 49 years 280
50 to 54 years 350
55 to 59 years 335
60 to 64 years 410
65 to 69 years 310
70 to 74 years 250
75 to 79 years 180
80 to 84 years 130
85 years and over 140
Median age of the population 50.9
% of the population aged 15 and over 86.4

Marital Status

Total population 15 years and over by marital status 3520
Married or living with a common-law partner 2165
Married (and not separated) 1795
Living common-law 365
Not married and not living with a common-law partner 1355
Single (never legally married) 685
Separated 95
Divorced 200
Widowed 375

Family Characteristics

Total number of census families in private households 1220
Size of census family: 2 persons 770
Size of census family: 3 persons 195
Size of census family: 4 persons 170
Size of census family: 5 or more persons 85
Total number of census families in private households 1220
Total couple families by family structure and number of children 1070
Married couples 880
Without children at home 575
With children at home 305
1 child 110
2 children 125
3 or more children 65
Common-law couples 185
Without children at home 100
With children at home 85
1 child 40
2 children 30
3 or more children 15
Total lone-parent families by sex of parent and number of children 155
Female parent 130
1 child 70
2 children 40
3 or more children 15
Male parent 25
1 child 20
2 children 5
3 or more children 0
Total children in census families in private households 990
Under six years of age 200
6 to 14 years 345
15 to 17 years 140
18 to 24 years 170
25 years and over 130
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 3925
Number of persons not in census families 650
Living with relatives 80
Living with non-relatives only 130
Living alone 440
Number of census family persons 3275
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 895
Number of persons not in census families aged 65 years and over 270
Living with relatives 30
Living with non-relatives only 25
Living alone 220
Number of census family persons aged 65 years and over 625
Total number of private households by household type 1690
Census-family households 1200
One-family-only households 1105
Couple-family households 995
Without children 635
With children 355
Lone-parent-family households 115
Other family households 95
One-family households with persons not in a census family 75
Couple-family households 55
Without children 30
With children 25
Lone-parent-family households 25
Two-or-more-family households 15
Non-census-family households 490
One-person households 435
Two-or-more-person households 50
Total number of occupied private dwellings by structural type of dwelling 1690
Single-detached house 1505
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 180
Semi-detached house 55
Row house 0
Apartment, duplex 20
Apartment, building that has fewer than five storeys 95
Other single-attached house 5
Total number of private households by household size 1690
1 person 440
2 persons 750
3 persons 215
4 persons 180
5 persons 70
6 or more persons 40
Number of persons in private households 3930
Average number of persons in private households 2.3

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