Photo: P199 · Public domainFaraday sits 48% below Ontario’s towns on home values
The census median was $360,000 in 2021, against $695,000 for Ontario’s towns. Statistics Canada’s housing statistics carry no sale prices in Ontario; the census value stands in for Faraday. The 2024 property assessment puts the median residential property at $171,000. 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.
Two ways to price a home in Faraday
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Those values come from owners at the 2021 census and predate the prices of the years since.
median, owners’ estimate
- Average
- $482K
- Owners
- 675
- 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).
A detached house in Faraday is assessed 17% lower than across Ontario’s towns
Of Faraday’s 1,340 residential properties on the 2024 roll, 92% 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.
Single-detached houses are 93% of Faraday’s homes, against 60% for Ontario’s towns
People lived in 755 homes in Faraday at the 2021 census. At least half predate 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Faraday | Ontario | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 7% | 8% |
| Needing major repairs | 9% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 18% | 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.
Faraday permitted 17.7 new homes a year per 1,000, close to the 15 of Ontario’s towns
Faraday issued permits for 77 new homes from 2018 to 2023, or about 13 a year. 93% were single-unit buildings, beside 66% for Ontario’s towns.
A peak in 2022: 17 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.
Faraday against Ontario’s towns: 48% 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.
Home values around Faraday
The places around Faraday at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Faraday | $360K | $482K | 90% | |
| Bancroft | $348K | $383K | 66% | 11.1 |
| Hastings Highlands | $400K | $476K | 92% | 18.7 |
Census 2021 values; km.
Questions about property prices in Faraday
Is Faraday expensive for Ontario?
No: Faraday’s census median is below the $695,000 of Ontario’s towns.
How many households in Faraday are in core housing need?
18% of Faraday’s households, above the 9% of Ontario’s towns, live in a home that is unaffordable, crowded or in poor repair, with no acceptable one nearby they could afford.
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).