Lakefield

Neighbourhood in Selwyn · Ontario · Population 1,386

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Approximate boundaries

Selwyn doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Selwyn.

Housing and jobs

Housing costs, rents, incomes and jobs in Lakefield, with comparisons and sources.

Affordability

36 · Below average

Average monthly rent$1,275/month

Selwyn: $1,336/month · Canada: $1,209/month · 2006: $964/month (estimated) · 2016: $1,058/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$990/month

City-wide figure for Selwyn · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,232/month

City-wide figure for Selwyn · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,513/month

City-wide figure for Selwyn · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,736/month

City-wide figure for Selwyn · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.2.7%

City-wide figure for Selwyn · CMHC, 2025

Median dwelling value (owner-estimated)$552,811

Selwyn: $624,000 · Canada: $472,000 · Estimated · 2016: $342,856 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing25%

Selwyn: 14.4% · Canada: 20.9% · 2006: 20.4% (estimated) · 2016: 20% (estimated) · Statistics Canada, 2021

Economy

50 · Average

Median household income$77,801

Selwyn: $95,000 · Canada: $84,000 · Estimated · 2006: $66,180 (estimated) · 2016: $68,556 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)9.3%

Canada: 5.2% · City-wide figure for Selwyn · Statistics Canada, 2021

Unemployment rate13.6%

Selwyn: 10.6% · Canada: 10.3% · 2006: 1.7% (estimated) · 2016: 8.5% (estimated) · Statistics Canada, 2021