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EDC Housing Stats

The Real Estate Investment Network (REIN) described Orillia as being "the next wave" noting a growing post-secondary sector, infrastructure and jobs. Such growth is a good indication of a healthy housing market with investment opportunities. Despite that, the average price of a home in Orillia remains much lower than in most other municipalities.

Average monthly rent for a private apartment in Orillia is $913 (Oct 2016), an increase of 1.083% from 2014.

Type of Apartment

Average Monthly Rent - 2016 (Oct)

Average Monthly
Rent - 2015 

Average Monthly
Rent - 2014

 Vacancy Rate

Bachelor $647 $647 $646

 2.5%

One-Bedroom $831 $808  $765
Two-Bedroom $963 $924 $903
Three-Bedroom $1,118 $1,109 $1,065

Source: Canada Mortgage and Housing Corporation

 

The median sale price for non-waterfront residential properties was up 30% from a year earlier to a record $312,000 in the first quarter of 2017. MLS@Median - Muskoka Haliburton Orillia

Municipality

 Median Price - 2016

Median Price - 2015 Median Price - 2014 

Orillia

   $240,000 $241,000 

Barrie

   $375,000   $337,500

Bracebridge

   $237,875 $243,000 

 Gravenhurst

   $255,250 $213,000 

 Huntsville

   $236,575  $226,000

 Peterborough

    $297,069  $256,667.62

Source: Lakelands Association of Realtors, CREA

For more information contact the Economic Development Office at 705-325-4900 or by emailing edc@orillia.ca

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