Photo: Torbenbrinker|Torbenbrinker · CC BY-SA 3.0Owners put the median home in Deer Lake at $220,000
That figure comes from 1,560 owner households at the 2021 census. Sale prices aren’t published in Newfoundland and Labrador: what owners told the census is the figure to go on for Deer Lake. The 2024 property assessment puts the median residential property at $173,000.
What Deer Lake’s homes are worth, two ways
Two sources, each set against Newfoundland and Labrador’s towns only: provinces measure value differently, so they don’t line up across borders. Those values come from owners at the 2021 census and predate the prices of the years since.
median, owners’ estimate
- Average
- $238K
- Owners
- 1,560
- Newfoundland and Labrador’s towns
- $215K
- The typical Canadian town
- $406K
all residential
- Properties
- 2,265
- Newfoundland and Labrador’s towns
- $173K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
The homes of Deer Lake, by period and type
The 2021 census counted 2,140 occupied homes in Deer Lake; 77% of them are single-detached houses. The older half dates from before 1981.
Homes by period of construction the tick is the median of Newfoundland and Labrador’s towns
Homes by kind
| Deer Lake | Newfoundland and Labrador | Canada | |
|---|---|---|---|
| Condominiums | 2% | 2% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 2% | 1% | 3% |
| Households in core housing need | 9% | 6% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Deer Lake ran at 6.6 homes a year per 1,000, near the 6.1 of Newfoundland and Labrador’s towns
Building permits added 83 homes in Deer Lake between 2018 and 2023: some 14 a year. Single-unit buildings took 69% of them, where Newfoundland and Labrador’s towns built 83%.
A peak in 2022: 30 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Deer Lake sits close to the $215,000 median of Newfoundland and Labrador’s towns
The census values of Newfoundland and Labrador’s towns, 32 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Deer Lake: Irishtown-Summerside
Next to Deer Lake: 2021 census values and the share of owners. The nearest places to Deer Lake with figures are 22–46 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Deer Lake | $220K | $238K | 73% | |
| Pasadena | $276K | $298K | 82% | 21.9 |
| Irishtown-Summerside | $200K | $205K | 90% | 42.8 |
| Massey Drive | $320K | $317K | 84% | 43.3 |
| Corner Brook | $230K | $243K | 63% | 46 |
Census 2021 values; km.
Questions about property prices in Deer Lake
How many households in Deer Lake are in core housing need?
More than most: 9% of households in Deer Lake, where Newfoundland and Labrador’s towns sit at 6%.
Is Deer Lake expensive for Newfoundland and Labrador?
Neither more nor less: Newfoundland and Labrador’s towns have a median of $215,000, and Deer Lake is near it.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).