Photo: P199 · CC BY-SA 2.5Home values in Elliot Lake run 78% lower than the median of Ontario’s towns
The 2021 census gives $150,000 as the median value; Ontario’s towns come to $695,000. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. What homes sold for in Elliot Lake isn’t public: no sale figures are released in Ontario.
What Elliot Lake’s homes are worth, two ways
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns.
median, owners’ estimate
- Average
- $186K
- Owners
- 3,545
- 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).
Houses in Elliot Lake carry assessments 60% under the middle of Ontario’s towns
Detached houses account for 62% of the 4,435 properties on Elliot Lake’s 2024 roll; condos for 2%.
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.
Core housing need: 15% of Elliot Lake’s households, where Ontario’s towns sit at 9%
At the 2021 census, 45% of Elliot Lake’s 5,840 occupied homes were single-detached houses. At least half predate 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Elliot Lake | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 6% | 7% | 8% |
| Needing major repairs | 9% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 15% | 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.
0.8 new homes a year per 1,000 in Elliot Lake: fewer than Ontario’s towns (15)
Over 2018–2023, 28 homes were permitted in Elliot Lake, close to 5 each year. Houses dominate the permits, at 71% in single-unit buildings (Ontario’s towns: 66%).
Most in 2021: 7 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.
Elliot Lake against Ontario’s towns: 78% under the $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.
Elliot Lake’s neighbours by home value
Next to Elliot Lake: 2021 census values and the share of owners. Elliot Lake has few close neighbours with figures, so the list reaches 31–71 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Elliot Lake | $150K | $186K | 61% | |
| Blind River | $200K | $249K | 71% | 30.6 |
| Sables-Spanish Rivers | $230K | $268K | 86% | 54.5 |
| Huron Shores | $200K | $250K | 89% | 55 |
| Espanola | $230K | $250K | 76% | 68.5 |
| Thessalon | $200K | $215K | 71% | 70.5 |
Census 2021 values; km.
Questions about property prices in Elliot Lake
Is Elliot Lake expensive for Ontario?
Less than most: Ontario’s towns have a median of $695,000, and Elliot Lake sits below 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).