Photo: P199 · CC BY-SA 3.0A home in Geraldton is worth 83% less than the middle of Ontario’s towns
That is a median of $120,000 at the 2021 census, set beside $695,000 for Ontario’s towns. What homes sold for in Geraldton isn’t public: no sale figures are released in Ontario. For 2024, the median assessed value of a residential property is $36,000. 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.
Two ways to price a home in Geraldton
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $146K
- Owners
- 1,485
- 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).
Geraldton’s detached houses are assessed 76% below the median of Ontario’s towns
The 2024 assessment roll counts 2,300 homes in Geraldton, detached houses 92% of them.
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.
87% of Geraldton’s homes are detached houses, where Ontario’s towns have 60%
At the 2021 census, Geraldton had 1,920 homes with someone living in them. Half or more were standing by 1980.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Geraldton | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 2% | 7% | 8% |
| Needing major repairs | 13% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 4% | 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 Geraldton ran at 1.4 homes a year per 1,000, where Ontario’s towns ran at 15
Building permits added 14 homes in Geraldton between 2018 and 2023: some 2 a year. 54% were single-unit buildings, beside 66% for Ontario’s towns.
Most in 2022: 6 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.
Geraldton is 83% below the $695,000 median of Ontario’s towns
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Geraldton: Manitouwadge, Schreiber and Terrace Bay
The places around Geraldton at the 2021 census: median and average value, and how many own. Geraldton has few close neighbours with figures, so the list reaches 104–120 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Geraldton | $120K | $146K | 77% | |
| Manitouwadge | $100K | $112K | 79% | 104.4 |
| Schreiber | $75K | $110K | 82% | 104.5 |
| Terrace Bay | $100K | $112K | 78% | 105.3 |
| Marathon | $150K | $148K | 76% | 120 |
Census 2021 values; km.
Questions about property prices in Geraldton
Is Geraldton expensive for Ontario?
Cheaper than the middle: Ontario’s towns come to $695,000, Geraldton to less.
How many households in Geraldton are in core housing need?
In Geraldton, 4% of households are in core housing need, against 9% for Ontario’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
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).