Photo: ALAN SCHMIERER · CC0Home values in Torbay run 62% higher than the median of Newfoundland and Labrador’s towns
Owners valued the median home at $348,000 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. Statistics Canada’s housing statistics carry no sale prices in Newfoundland and Labrador; the census value stands in for Torbay.
Torbay’s homes, by two sources
Every figure here is compared within the province, against Newfoundland and Labrador’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $388K
- Owners
- 2,460
- Newfoundland and Labrador’s towns
- $215K
- The typical Canadian town
- $406K
all residential
- Properties
- 3,685
- 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 younger stock than most: 42% of Torbay’s homes went up after 2000 (Newfoundland and Labrador’s towns: 22%)
2,985 occupied homes stood in Torbay in 2021, and single-detached houses made up 80% of them.
Homes by period of construction the tick is the median of Newfoundland and Labrador’s towns
Homes by kind
| Torbay | Newfoundland and Labrador | Canada | |
|---|---|---|---|
| Condominiums | 1% | 2% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 3% | 1% | 3% |
| Households in core housing need | 6% | 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.
Torbay is 62% above the $215,000 median of Newfoundland and Labrador’s towns
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 Torbay: St. John's, Pouch Cove and Wabana
Next to Torbay: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Torbay | $348K | $388K | 82% | |
| Logy Bay-Middle Cove-Outer Cove | $424K | $518K | 92% | 5 |
| Flatrock | $348K | $368K | 92% | 6.6 |
| Portugal Cove-St. Philip's | $376K | $408K | 86% | 9.5 |
| St. John's | $306K | $343K | 61% | 11.4 |
| Pouch Cove | $250K | $268K | 90% | 11.6 |
| Wabana | $90K | $116K | 72% | 15.3 |
Census 2021 values; km.
Questions about property prices in Torbay
Is Torbay expensive for Newfoundland and Labrador?
Yes: Torbay’s census median is above the $215,000 of Newfoundland and Labrador’s towns.
How many households in Torbay are in core housing need?
6% of Torbay’s households, near the 6% of Newfoundland and Labrador’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
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).