How Much Home Can You Afford in Thunder Bay?

Thunder Bay offers exceptional affordability on the shore of Lake Superior, well below the provincial average.

Average price is a 2026 estimate for illustration · Last updated: May 2026

Your Finances
Enter your household income and down payment

Estimated Thunder Bay property tax: $481/mo on the average home. Stress-tested at 6.49%.

What You Can Afford
In Thunder Bay, ON

Maximum purchase price

$729,081
Maximum mortgage$629,081
Thunder Bay average home$380,000
Payment on average home$1,555/mo
Land transfer tax (avg home)$4,175

Buying in Thunder Bay: What to Know

1

Provincial LTT applies.

2

Among Ontario's most affordable cities.

3

Higher property tax rate.

Average Home Price
$380,000

2026 estimate

Property Tax Rate
1.52%

≈ $5,776/yr

Land Transfer Tax
$4,175

On the average home

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