Photo: Patrick Tomasso impatrickt · CC0Owners in Bancroft value their homes 50% below the median of Ontario’s towns
In figures: $348,000 for the median home in 2021, $695,000 for the middle of Ontario’s towns. Sale prices aren’t published in Ontario: what owners told the census is the figure to go on for Bancroft. Assessors valued the median residential property at $131,000 for 2024. MPAC hasn’t reassessed since its 1 January 2016 values, which is why the figure sits well under the census value; it compares only within Ontario.
What Bancroft’s homes are worth, two ways
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. Owners gave those values at the May 2021 census; they are estimates, and older than today’s prices.
median, owners’ estimate
- Average
- $383K
- Owners
- 1,185
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Bancroft’s detached houses are assessed 34% below the median of Ontario’s towns
Of Bancroft’s 1,705 residential properties on the 2024 roll, 90% are detached houses.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
How Bancroft’s homes break down, by age and kind
1,800 occupied homes stood in Bancroft in 2021, and single-detached houses made up 72% of them. Half went up before 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Bancroft | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 1% | 7% | 8% |
| Needing major repairs | 9% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 6% | 9% | 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 Bancroft ran at 18.8 homes a year per 1,000, where Ontario’s towns ran at 15
Bancroft issued permits for 184 new homes from 2018 to 2023, or about 31 a year. About 45% went into single-unit buildings, where Ontario’s towns built 66%.
The busiest year: 2022, with 56 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.
Bancroft is cheaper than most of Ontario’s towns: 50% under their $695,000 median
871 of Ontario’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.
Bancroft’s neighbours by home value
The places around Bancroft at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Bancroft | $348K | $383K | 66% | |
| Faraday | $360K | $482K | 90% | 11.1 |
| Hastings Highlands | $400K | $476K | 92% | 13.4 |
| Carlow/Mayo | $400K | $442K | 88% | 17.7 |
Census 2021 values; km.
Questions about property prices in Bancroft
Is Bancroft expensive for Ontario?
On census values, Bancroft sits among the cheaper of Ontario’s towns (median $695,000).
How many households in Bancroft are in core housing need?
Below the norm for Ontario’s towns (9%): 6% in Bancroft, counting the households whose home falls short on cost, size or repair.
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).