Photo: Millerman68 at English Wikipedia · Public domainHome values in Grand Bank run 56% lower than the median of Newfoundland and Labrador’s towns
Owners valued the median home at $95,000 in 2021, where the median of Newfoundland and Labrador’s towns was $215,000. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. Statistics Canada doesn’t publish sales in Newfoundland and Labrador, so nothing here says what Grand Bank’s homes actually sold for.
Two ways to price a home in Grand Bank
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
- 860
- Newfoundland and Labrador’s towns
- $215K
- The typical Canadian town
- $406K
all residential
- Properties
- 1,305
- 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).
Core housing need: 10% of Grand Bank’s households, where Newfoundland and Labrador’s towns sit at 6%
The 2021 census counted 1,030 occupied homes in Grand Bank; 92% 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
| Grand Bank | Newfoundland and Labrador | Canada | |
|---|---|---|---|
| Condominiums | 2% | 2% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 2% | 1% | 3% |
| Households in core housing need | 10% | 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.
Grand Bank is cheaper than most of Newfoundland and Labrador’s towns: 56% under their $215,000 median
32 of Newfoundland and Labrador’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Grand Bank: Fortune
Next to Grand Bank: 2021 census values and the share of owners. The nearest places to Grand Bank with figures are 6–44 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Grand Bank | $95K | $105K | 84% | |
| Fortune | $85K | $105K | 82% | 6.2 |
| St. Lawrence | $100K | $126K | 85% | 33.9 |
| Harbour Breton | $100K | $135K | 80% | 42.3 |
| Marystown | $200K | $205K | 71% | 44.1 |
| Burin | $174K | $196K | 86% | 44.1 |
Census 2021 values; km.
Questions about property prices in Grand Bank
Is Grand Bank expensive for Newfoundland and Labrador?
On census values, Grand Bank sits among the cheaper of Newfoundland and Labrador’s towns (median $215,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. 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).