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West Lorne, ON

Updated: Aug 2016
House
Median price $269,450
Monthly growth 158.74 %
Quarterly trend
Stock on market 0.81%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

West Lorne Home Price

The median asking price in West Lorne is $269,450, an improvement on the median three months ago which was $264,900 .

The $269,450 price tag on the median West Lorne home means that it is above the cost of most houses in the country.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In West Lorne, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 23, this month we show 18.

Can we guarantee how well West Lorne 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.

Find a mortgage broker in West Lorne, ON
Beds Median price (House) Median price (Apartment)
2 bedrooms $123,000
3 bedrooms $269,450
4 bedrooms $242,250
5 bedrooms $358,450
Demographics
  • Population in 20115157
  • Population in 20065349
  • 2006 to 2011 population change (%)-3.6
  • Total private dwellings2233
  • Private dwellings occupied by usual residents2106
  • Population density per square kilometre16
  • Land area (square km)322.52

Age Characteristics

Total population by age groups 5155
0 to 4 years 220
5 to 9 years 255
10 to 14 years 340
15 to 19 years 325
15 years 60
16 years 70
17 years 70
18 years 65
19 years 55
20 to 24 years 280
25 to 29 years 195
30 to 34 years 230
35 to 39 years 285
40 to 44 years 325
45 to 49 years 470
50 to 54 years 445
55 to 59 years 430
60 to 64 years 400
65 to 69 years 315
70 to 74 years 220
75 to 79 years 180
80 to 84 years 125
85 years and over 125
Median age of the population 46.5
% of the population aged 15 and over 84.3

Marital Status

Total population 15 years and over by marital status 4345
Married or living with a common-law partner 2755
Married (and not separated) 2330
Living common-law 425
Not married and not living with a common-law partner 1590
Single (never legally married) 905
Separated 140
Divorced 215
Widowed 335

Family Characteristics

Total number of census families in private households 1555
Size of census family: 2 persons 855
Size of census family: 3 persons 300
Size of census family: 4 persons 260
Size of census family: 5 or more persons 140
Total number of census families in private households 1555
Total couple families by family structure and number of children 1365
Married couples 1155
Without children at home 615
With children at home 540
1 child 215
2 children 205
3 or more children 120
Common-law couples 210
Without children at home 115
With children at home 95
1 child 45
2 children 35
3 or more children 15
Total lone-parent families by sex of parent and number of children 190
Female parent 140
1 child 85
2 children 30
3 or more children 30
Male parent 55
1 child 40
2 children 10
3 or more children 5
Total children in census families in private households 1485
Under six years of age 265
6 to 14 years 540
15 to 17 years 200
18 to 24 years 315
25 years and over 160
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 5115
Number of persons not in census families 705
Living with relatives 55
Living with non-relatives only 115
Living alone 540
Number of census family persons 4410
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 925
Number of persons not in census families aged 65 years and over 295
Living with relatives 25
Living with non-relatives only 25
Living alone 245
Number of census family persons aged 65 years and over 635
Total number of private households by household type 2110
Census-family households 1520
One-family-only households 1425
Couple-family households 1275
Without children 680
With children 595
Lone-parent-family households 150
Other family households 95
One-family households with persons not in a census family 65
Couple-family households 45
Without children 25
With children 20
Lone-parent-family households 15
Two-or-more-family households 35
Non-census-family households 585
One-person households 540
Two-or-more-person households 45
Total number of occupied private dwellings by structural type of dwelling 2105
Single-detached house 1900
Apartment, building that has five or more storeys 0
Movable dwelling 15
Other dwelling 190
Semi-detached house 25
Row house 25
Apartment, duplex 25
Apartment, building that has fewer than five storeys 120
Other single-attached house 0
Total number of private households by household size 2105
1 person 540
2 persons 810
3 persons 305
4 persons 285
5 persons 115
6 or more persons 50
Number of persons in private households 5115
Average number of persons in private households 2.4

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