Photo: Quintin Soloviev · CC BY 4.0Owners in Fortune value their homes 60% below the median of Newfoundland and Labrador’s towns
Owners valued the median home at $85,000 in 2021, where the median of Newfoundland and Labrador’s towns was $215,000. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since. There is no public record of sale prices in Newfoundland and Labrador, which leaves the census value as the guide for Fortune.
Two ways to price a home in Fortune
Two sources, each set against Newfoundland and Labrador’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $105K
- Owners
- 505
- Newfoundland and Labrador’s towns
- $215K
- The typical Canadian town
- $406K
all residential
- Properties
- 785
- 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).
A town of houses: 94% of the homes in Fortune stand alone (Newfoundland and Labrador’s towns: 80%)
People lived in 615 homes in Fortune at the 2021 census. At least half predate 1981.
Homes by period of construction the tick is the median of Newfoundland and Labrador’s towns
Homes by kind
| Fortune | 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 | 7% | 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.
Fortune permitted 4.9 new homes a year per 1,000, close to the 6.1 of Newfoundland and Labrador’s towns
From 2019 to 2023, permits in Fortune created 9 homes, about 3 a year. Only 11% went into single-unit buildings, beside 83% for Newfoundland and Labrador’s towns.
The busiest year: 2023, with 6 new homes
A year with no report is left out.
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.
Fortune is 60% below 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.
Home values around Fortune
Next to Fortune: 2021 census values and the share of owners. Distances here run 6–49 km: that is how far the nearest places with figures are from Fortune.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Fortune | $85K | $105K | 82% | |
| Grand Bank | $95K | $105K | 84% | 6.2 |
| St. Lawrence | $100K | $126K | 85% | 37 |
| Harbour Breton | $100K | $135K | 80% | 44.9 |
| Burin | $174K | $196K | 86% | 49.5 |
Census 2021 values; km.
Questions about property prices in Fortune
Is Fortune expensive for Newfoundland and Labrador?
No: Fortune’s census median is below the $215,000 of Newfoundland and Labrador’s towns.
How many households in Fortune are in core housing need?
Statistics Canada puts 7% of Fortune’s households in core housing need, much as for Newfoundland and Labrador’s towns (6%).
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).