Photo: Andre Carrotflower · CC BY-SA 4.0Homes in Penetanguishene are worth 28% less than the median of Ontario’s towns
Owners valued the median home at $500,000 in 2021, where the median of Ontario’s towns was $695,000. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what Penetanguishene’s homes actually sold for. Assessors valued the median residential property at $238,000 for 2024. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
Two ways to price a home in Penetanguishene
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $582K
- Owners
- 3,010
- 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).
On the roll, 85% of Penetanguishene’s properties are detached houses
In 2024, Penetanguishene had 3,480 residential properties on the roll, detached houses 85% of them and condos 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.
The homes of Penetanguishene, by period and type
Penetanguishene had 3,975 occupied homes at the 2021 census, 68% of them single-detached houses. Half or more were standing by 1980.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Penetanguishene | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 6% | 7% | 8% |
| Needing major repairs | 7% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 11% | 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 Penetanguishene ran at 14.2 homes a year per 1,000, near the 15 of Ontario’s towns
Some 52 homes a year: 313 in all were permitted in Penetanguishene from 2018 to 2023. Single-unit buildings took 58% of them, where Ontario’s towns built 66%.
A peak in 2022: 74 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.
Penetanguishene against Ontario’s towns: 28% under the $695,000 median
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.
Home values around Penetanguishene
Next to Penetanguishene: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Penetanguishene | $500K | $582K | 76% | |
| Midland | $500K | $522K | 66% | 4.9 |
| Tiny | $695K | $783K | 92% | 9.5 |
| Tay | $500K | $581K | 90% | 13.2 |
Census 2021 values; km.
Questions about property prices in Penetanguishene
Is Penetanguishene expensive for Ontario?
Below the norm for Ontario’s towns, whose median home is worth $695,000; Penetanguishene’s is worth less.
How many households in Penetanguishene are in core housing need?
11% of Penetanguishene’s households, near the 9% of Ontario’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 · 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).