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Thunder Bay

Thunder Bay

Thunder Bay

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New homes in Thunder Bay start around the $220K mark. For this price you get a three bedroom two bathroom home with a basement. Not a bad price. If you are more budget conscious buy an older home in an established area of town for less than $100K. Buyers inclined to spend over $350K will get a huge lot, a large home with 3 or more bedrooms, and a full basement, usually completely finished, and interior finishing next to none. Thunder Bay and the surrounding area are not quite as expensive as more desirable areas of Ontario real estate, but prices are climbing.

Thunder Bay is about 65 kilometres, or 50 minutes, north of the United States border on the western shore of Lake Superior. Other notable cities in proximity to Thunder Bay include Winnipeg, which is about 700 kilometres or 8 hours to the west, and Toronto which is about 1400 kilometres or 16 hours to the southeast. Thunder Bay is the largest city for hundreds of kilometres in all directions making it the commercial hub of north western Ontario. The CMA population of the city is about 120,000. Thunder Bay began as a stable settlement during Canada’s fur trading era and was known then as Fort William and Port Arthur.

Some neighbourhoods of Thunder Bay include: the Bay, Algoma, Simpson-Ogden, the East End, William, Intercity, Current River, Westfort, Vickers Heights and North McIntyre. Given that Thunder Bay was formed out of two merged cities there are two separate downtown core areas and really two cities run as one. Thunder Bay is also home to two post secondary institutions in Lakehead University and Confederation College.

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Statistics and information courtesy of StatsCan and Wikipedia

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