Photo: P199 · CC BY-SA 3.0Prince sits 50% below Ontario’s towns on home values
Owners put the median home at $348,000 at the 2021 census; for Ontario’s towns the median is $695,000. For Prince there is no published sale price, as for every town in Ontario. Assessors valued the median residential property at $209,000 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.
Two ways to price a home in Prince
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Self-assessed in May 2021, these values predate the rate rises that followed.
median, owners’ estimate
- Average
- $384K
- Owners
- 385
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Houses
- $279K
- Properties
- 710
- 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).
99% of Prince’s homes are detached houses, where Ontario’s towns have 60%
At the 2021 census, Prince had 395 homes with someone living in them. Half went up before 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Prince | Ontario | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | under 1% | 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.
9.6 new homes a year per 1,000 in Prince: fewer than Ontario’s towns (15)
Over 2018–2023, 21 homes were permitted in Prince, close to 4 each year. 100% were single-unit buildings, beside 66% for Ontario’s towns.
The busiest year: 2021, with 8 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.
Prince is 50% below the $695,000 median of Ontario’s towns
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.
Lower values near Prince: Sault Ste. Marie, Laird and Macdonald, Meredith and Aberdeen Additional
The places around Prince at the 2021 census: median and average value, and how many own. Prince has few close neighbours with figures, so the list reaches 14–46 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Prince | $348K | $384K | 98% | |
| Sault Ste. Marie | $250K | $283K | 68% | 13.8 |
| Laird | $300K | $330K | 96% | 35.7 |
| Macdonald, Meredith and Aberdeen Additional | $260K | $324K | 92% | 36.4 |
| Algoma, Unorganized, North Part | $250K | $272K | 95% | 36.5 |
| St. Joseph | $348K | $368K | 88% | 46.2 |
Census 2021 values; km.
Questions about property prices in Prince
How many households in Prince are in core housing need?
under 1% of Prince’s households, under 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.
Is Prince expensive for Ontario?
Less than most: Ontario’s towns have a median of $695,000, and Prince sits below it.
What are houses and condos assessed at in Prince?
A house is assessed at a median $279,000 (2024); condos are too few to count.
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).