City House Prices Compare Well With Other Cities

Jason Wellwood April 4, 2019 6:00 am Last Updated on July 2, 2025 12:26 pm

Buying a house in Thunder Bay remains relatively affordable when compared with other places in Canada.

The latest housing price survey by Royal LePage Real Estate shows the overall average price of a home in the city the first three months of this year was about 255,000.

Compare that to Toronto at $830,000 or Vancouver at $1.2 million.

The cost of a two-story home in the first quarter of 2019 in the city was around $285,000 which is up about 8.5 percent compared to a year ago at the same time.

The average price of a bungalow in Thunder Bay was down around 7.5 percent to about $225,000.

Jason Wellwood

Originally from southern Ontario, Jason found his way here and fell in love with the community and music scene of Thunder Bay over twenty years ago. In between various stints on radio, television and writing, Jason is a dad, a partner and (some would consider) a zoo keeper (seriously, he has a LOT of pets).

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