April 2026 Thunder Bay Market Report
April 1, 2026
Executive Video Summary
Market Trend Commentary
April momentum reflects a 'Nation of Renters' shift. With a Sales-to-New-Listing Ratio (SNLR) of 106.5%, Thunder Bay is officially one of the most competitive markets in Canada. 30% of renters are currently spending > 30% of their gross income on housing. This demand for secondary suites and multi-generational housing is peaking as TBDSSAB rent increases tighten the low-end market.
Neighbourhood Highlights
McKellar Park is seeing a surge in BRRR (Buy, Rehab, Rent, Refinance) investors. Mariday Park heritage homes are trading rapidly, while Intercity areas near Confederation College face the highest pressure in the city due to learner demand.
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