North Bay Real Estate & Homes For Sale
North Bay is a city, which is located in the Nipissing District of Ontario province. Interestingly, the city derives its name from its position to Lake Nipissing. The most significant advantage of living in this city is the abundance of natural resources such as lakes, rivers, forests and a waterfall. Located on the shore of Lake Nipissing, it covers an area of 314.9 km²
North Bay was historically known as The Gateway City ! The name was changed to North Bay as a tribute to the first settlers who clustered on the sweeping bay on the shore of Lake Nipissing. The arrival of the Canadian Pacific Railway in 1882 opened doors for the development of North Bay. In the same year, John Ferguson considered it a favourable place for settlement. North Bay was designated as a town in the year 1891. Later on, it earned the status of a railway community in 1902 when it was selected as the southern terminus of the Temiskaming and Northern Ontario Railway. The establishment of the Canadian Northern Railway in 1913 helped the city turn out as a railway hub. While constructing the railway line in Cobalt (north of North Bay), silver deposits were discovered. The mining boom and lumbering sector ensured the growth of the area. In August 1925, the town of North Bay was incorporated as a city. Another miracle that boosted the city’s growth was the birth of Quintuplets (5 babies) in the neighbouring settlement of Corbeil in 1934. Many enthusiasts visited the place to have a look at the newborns. This boosted tourism in the area; luckily, these visitors discovered many exciting positions such as lakes and summer retreats which were easily accessible, and many businesses thrived on tourist income. In addition, North Bay played a significant role in the Cold War. The city hosted the Royal Canadian Air Force Station, where Canadian and American North American Aerospace Defence Command forces were based.
North Bay Real Estate Trends and Information
There are different types of houses in North Bay, such as Detached houses, Semi-detached houses, condo apartments etc. The following data represents the categories of homes in North Bay !
Property Type Distribution
- Semi Detached Houses: 2085
- Other Single Attached Houses: 55
The average household size in North Bay: 2.2
The number of people in private households in the year 2021: 49,000
North Bay Housing Market
The following figures are the number of homes sold through the MLS System of the North Bay Real Estate Board:
- Sold Monthly Average: 133
- Average Sold Price: $352,027
- Price Percentage: 11.5% increase
- Average Active Listings: 114
- Listings Percentage: 42.1% decrease
- Average Townhouse Price: $729,000
- Townhouse Price Change: 145.5%
- The current average rent of a one-bedroom apartment: $1000.
- Percentage change in the average rent: 13% increase
- Currently, the average rent for a two-bedroom apartment: $1350.
- Percentage change in the average rent: 4% decrease
The total number of residents in North Bay is 51,553, which represents a decline at the rate of 0.15% !
- Age: The largest age group in North Bay is 15-64 years, accounting for 65.3%, whereas the least number of people fall in the age group of 85+ years, which constitutes 2.7% of the whole population. The median age of the people of North Bay is 43 years old.
- Ethnicity: The largest visible minority population in North Bay is South Asians, constituting 27.85% of the total minority population. The Chinese groups are the second-largest visible groups which count up to 350 individuals, followed by Black people, making 19.46% of the visible minority.
- Religion: The largest religious group in North Bay is Catholics (25,815), followed by Protestants (17,400). Other religions practiced in this city are Christian Orthodox, Christianity, Jainism, Islam, Hinduism, Sikhism etc.
North Bay has various educational programs ranging from pre-schooling to university !
- Near North District School Board
- Nipissing-Parry Sound Catholic District School Board
- Conseil Scolaire Catholique Franco-Nord
- Conseil Scolaire Public Du Nord-Est De l'Ontario
There are two post-secondary institutions that are turning out as economic engines for the region:
Both the institutions act as economic drivers for the region, with an estimated income of $300 million annually.
- Nipissing University: A variety of programs are offered here, including undergraduate programs in Liberal Arts, science, business, and undergraduate and graduate programs in education.
- Canadore College: Canadore College has a diverse student population from all over the world. In North Bay, Canadore College has three campuses: The Aviation Campus, Commerce Court, and the Education Centre, which it shares with Nipissing University. Canadore College provides courses in the following fields:
- Community Justice & Police Studies
- Environmental Studies & Biotechnology
- Health, Human Care & Wellness
- Media, Design & Dramatic Arts
- CTS Canadian Career College: CTS Canadian Career College offers post-secondary diplomas and certificates in the following streams:
- North Bay has a diversified economy that includes advanced manufacturing, aviation and aerospace, education, health sciences, information and communication technology and the mining sector.
- The two leading educational institutes, Nipissing University and Canadore College, admit more than 9000 full-time students annually and account for more than $300 million combined.
- The city is a base to Canadian Forces Base(CFB) 22 Wing. It is a North Aerospace Defense Command Control Centre.
The transportation system in North Bay is well connected !
- ROADS: The TransCanada Highway 17 connects North Bay with four-lane Highway 11 link to Toronto and Highway 63 into Quebec.
- RAIL: Canadian Pacific, Canadian National, Ottawa Valley Railway and Ontario Northland provide rail transportation to North Bay, providing quick access to the marketplace.
- AIR: The North Bay Jack Garland Airport is located north of Toronto. It has four 10,000 foot runways in Ontario, accommodating all types of aircraft. Bearskin Airlines have many scheduled flights per day between North Bay and other Ontario locations.
Places To Visit
- The Canadian Forces Museum of Aerospace Defense: The museum exhibits Canada’s past and present contribution to Air Defense. In addition, the museum has World War One, World War Two, and Cold War and post-Cold War exhibits on display.
- The Laurier Woods Conservation Area: The 240-acre area is home to many animals and birds. In addition, this conservation area has wetlands and forests for bird watching.
- The Heritage Railway and Carousel Company: The carousel is simply breathtaking and is delighted to the visitors. In addition, it is pretty informative about the history and heritage of railways.
- Chief Commanda II: Chief Commanda II cruises around Nipissing and the French River. The visitors can enjoy the live entertainment onboard.
FAQ (North Bay Real Estate)
- What is the average household size in North Bay ?
The average household size in North Bay is 2.2.
- How many detached houses are there in North Bay ?
According to the 2016 Census of Canada, the number of single-detached homes is 10795.
- What is the population density of North Bay ?
The population density of North Bay is 81.2 persons per square.
- What is the average price of a house in North Bay ?
The average sold price of a home in North Bay (August 2021) is $352,027.
- What is the population of North Bay ?
The population of North Bay is 51,553 (Census 2016)
Average Home Price
Average Condo Price
Average Detached Price