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Millbank, ON

Updated: May 2016
House
Median price $444,900
Monthly growth
Quarterly trend
Stock on market 0.05%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Millbank Home Price

Canada’s national median home listing price this month is $319,900, which means that Millbank is in the top 20% for Canada.

The $444,900 price tag on the median Millbank home means that it is quite highly priced by Canadian standards.

According to our stats, Millbank is the neighbourhood that has the 1038th most properties available to real estate investors in Ontario.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Millbank will hopefully provide an indicator to help you where to research in-depth

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

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

If you are looking at investment properties in Millbank, 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.

Find a mortgage broker in Millbank, ON
Demographics
  • Land area (square km)713.39
  • Population in 201112028
  • Population in 200611986
  • 2006 to 2011 population change (%)0.4
  • Total private dwellings4022
  • Private dwellings occupied by usual residents3897
  • Population density per square kilometre16.9

Age Characteristics

Total population by age groups 12025
0 to 4 years 935
5 to 9 years 920
10 to 14 years 940
15 to 19 years 960
15 years 205
16 years 190
17 years 180
18 years 190
19 years 185
20 to 24 years 810
25 to 29 years 665
30 to 34 years 655
35 to 39 years 640
40 to 44 years 785
45 to 49 years 835
50 to 54 years 920
55 to 59 years 825
60 to 64 years 605
65 to 69 years 470
70 to 74 years 350
75 to 79 years 270
80 to 84 years 240
85 years and over 205
Median age of the population 36.1
% of the population aged 15 and over 76.8

Marital Status

Total population 15 years and over by marital status 9235
Married or living with a common-law partner 6070
Married (and not separated) 5590
Living common-law 475
Not married and not living with a common-law partner 3165
Single (never legally married) 2340
Separated 120
Divorced 230
Widowed 475

Family Characteristics

Total number of census families in private households 3215
Size of census family: 2 persons 1405
Size of census family: 3 persons 550
Size of census family: 4 persons 600
Size of census family: 5 or more persons 660
Total number of census families in private households 3215
Total couple families by family structure and number of children 3000
Married couples 2765
Without children at home 1130
With children at home 1635
1 child 455
2 children 550
3 or more children 630
Common-law couples 240
Without children at home 135
With children at home 105
1 child 50
2 children 35
3 or more children 20
Total lone-parent families by sex of parent and number of children 215
Female parent 145
1 child 95
2 children 35
3 or more children 20
Male parent 65
1 child 45
2 children 10
3 or more children 5
Total children in census families in private households 4630
Under six years of age 1105
6 to 14 years 1675
15 to 17 years 565
18 to 24 years 925
25 years and over 355
Average number of children at home per census family 1.4

Household And Dwelling Characteristics

Total number of persons in private households 11810
Number of persons not in census families 965
Living with relatives 135
Living with non-relatives only 180
Living alone 655
Number of census family persons 10845
Average number of persons per census family 3.4
Total number of persons 65 years and over in private households 1350
Number of persons not in census families aged 65 years and over 335
Living with relatives 55
Living with non-relatives only 20
Living alone 265
Number of census family persons aged 65 years and over 1015
Total number of private households by household type 3895
Census-family households 3165
One-family-only households 2995
Couple-family households 2830
Without children 1200
With children 1635
Lone-parent-family households 165
Other family households 170
One-family households with persons not in a census family 120
Couple-family households 100
Without children 30
With children 70
Lone-parent-family households 20
Two-or-more-family households 45
Non-census-family households 735
One-person households 655
Two-or-more-person households 80
Total number of occupied private dwellings by structural type of dwelling 3895
Single-detached house 3470
Apartment, building that has five or more storeys 0
Movable dwelling 175
Other dwelling 250
Semi-detached house 75
Row house 5
Apartment, duplex 20
Apartment, building that has fewer than five storeys 150
Other single-attached house 5
Total number of private households by household size 3900
1 person 660
2 persons 1365
3 persons 555
4 persons 625
5 persons 330
6 or more persons 365
Number of persons in private households 11810
Average number of persons in private households 3

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