Thunder Bay Real Estate

  • 176 homes for sale in Thunder Bay, ON.

  • $57,777 to $789,900
  • $309,474 Avg List

Refine your Thunder Bay real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Thunder Bay.

Showing results 1 — 24 of 176
  1. Canada
  2. ON
  3. Thunder Bay

Home Prices in Thunder Bay

The asking price of homes for sale in Thunder Bay has decreased -7.43% since May last year, while the number of homes for sale has increased 25.36%. See more Thunder Bay Home Prices & Values.

House
Median Asking Price
$270K
120 Houses
Townhouse
Median Asking Price
$255K
8 Townhouses
Condo
Median Asking Price
$428K
10 Condos

Thunder Bay MLS® Listings & Real Estate

Zolo has the most comprehensive, up-to-date set of Thunder Bay real estate listings. Discover homes listed on the Thunder Bay MLS® system, including nearby cities, property types, and neighbourhoods. Currently, Thunder Bay has 176 homes for sale, including 120 houses, 10 condos, and 8 townhouses on the market.

With Zolo you'll be able to find the hottest Thunder Bay neighbourhoods, the highest-rated schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

Our Thunder Bay MLS® Listing data is added every 15 minutes to provide you the most-up-to-date home listings. Contact one of our Thunder Bay REALTORS® to get started on landing your dream home today.

Thunder Bay City Guide

108K
Population
-0.7%
Population Growth
8%
Unemployment

Located in Ontario, the city of Thunder Bay has a population of 108,359. The -0.7% population growth for this city is above average when compared to other Canadian cities.

There are 9.56% of immigrants in in Thunder Bay, 0.76% of which are recent immigrants to Canada. Other than English, the most common language spoken is Italian, with 3% of residents reporting it as their mother tongue. The largest cultural community within Thunder Bay is English at 26%, followed by Canadian at 23% and Scottish at 21%.

Thunder Bay offers good employment opportunities with an unemployment rate that sits near 8%, which is average when compared to other cities. Approximately 53% of residents hold a university degree. Residents can expect good quality of life in Thunder Bay based upon an average median family income of $57,646.

According to Statistics Canada 89% of Thunder Bay residents drive. About 12% of residents that are already established within the city will move within a year, while 35% will move within five years.

Thunder Bay's population is average when it comes to homeownership, with 70% owning a home and 30% renting. The median monthly mortgage cost is estimated to be about $719, which is average when compared to renters in other Canadian cities.

In the Canadian real estate context, Thunder Bay is a good place to establish a foothold in the real estate market.

Nearby Cities

Plenty prospective homeowners go for properties for sale in districts that are further from Thunder Bay's downtown core. Suburban communities usually offer larger homes on larger lots. For even more options, consider commuting into Thunder Bay's core from a nearby city, such as , , and . Even neighbouring cities that require a bit of a longer commute, such as , , and , are good options as they have good housing options, often at more affordable prices.

City
(Top 5)
Active listings
1Thunder Bay 173
2Neebing 7
3Shuniah 4
4Oliver Paipoonge 4

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Thunder Bay’s demographics, including median age, schools and income, using census information from Statistics Canada.

30%
Rent
70%
Own
$698
Monthly Rent (Median)
$719
Monthly Mortgage (Median)
29,410
Total Families
$57,646
Family Income (Median)
43
Age (Median)
53%
College Educated

Schools

For those interested in buying Canadian real estate in order to raise a family, take heart: Thunder Bay is home to top-rated elementary and secondary schools. To help you narrow down your Thunder Bay housing market search, here’s the top five schools in each category. (Learn more in our school guide.)

Elementary Schools

8.1 Holy Family
8.0 St Paul
7.9 St Francis
7.7 St Thomas Aquinas
7.4 St Pius X

Secondary Schools

7.2 St Ignatius
6.6 Hammarskjold
6.2 St Patrick
5.9 Sir Winston Churchill
n/a de la Verendrye

Commuters

According to Statistics Canada, residents in Thunder Bay use a variety of ways to get around.

89%
Drive
4%
Transit
1%
Bike
5%
Walk

Latest Real Estate News

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thunder-bay
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Zolo.