Happy Valley–Goose Bay
Newfoundland and Labrador
Statistics Canada geography code 1010025 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Unemployment rate
Data unavailable
The Labour Force Survey publishes annual unemployment rates for 37 census metropolitan areas. This market is not among them, so no local rate is available from this source.
Confidence: low
Average rent
$1,061
CMHC reports this small centre in its rural Rental Market Survey table, at census subdivision level. It is below the 10,000 threshold of the urban tables. CMHC reliability code "d".
Source: Canada Mortgage and Housing Corporation
Confidence: low
Rental vacancy rate
Data unavailable
CMHC urban rental tables cover centres of 10,000+. This market falls below that threshold and appears, if at all, in separate rural tables with different coverage. Requires dataset-specific verification before use.
Confidence: low
Population trend
+2.3% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979116) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Military / Defence32% of local drivers
5 Wing Goose Bay, a Royal Canadian Air Force base, is the community's defining institution and its largest single source of employment and population inflow.
- Government24% of local drivers
Provincial and municipal administration, plus regional services for Labrador, concentrate public-sector employment in the town.
- Health Care18% of local drivers
Labrador-Grenfell Health operates the regional hospital serving central Labrador from Happy Valley–Goose Bay.
- Transportation14% of local drivers
Goose Bay Airport is a major regional air hub and transatlantic diversion airport for Labrador.
- Construction12% of local drivers
Regional infrastructure and resource-related construction activity in central Labrador.
Employer concentration
Military / Defence accounts for roughly 32% of the identified economic activity here. A market can have strong rental demand and still carry real risk if too much of it traces back to one institution.
Worth investigating: what happens to local demand if that employer reduces its workforce? This is a scenario to think through, not a prediction.
Rental market
Average rent
$1,061
CMHC reports this small centre in its rural Rental Market Survey table, at census subdivision level. It is below the 10,000 threshold of the urban tables. CMHC reliability code "d".
Vacancy rate
Data unavailable
CMHC urban rental tables cover centres of 10,000+. This market falls below that threshold and appears, if at all, in separate rural tables with different coverage. Requires dataset-specific verification before use.
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,061 | observed | low | Canada Mortgage and Housing Corporation |
| population | 2022 | 8,080 | observed | high | Statistics Canada |
| population | 2021 | 8,134 | observed | high | Statistics Canada |
| population | 2020 | 8,158 | observed | high | Statistics Canada |
| population | 2019 | 8,273 | observed | high | Statistics Canada |
| population | 2018 | 8,242 | observed | high | Statistics Canada |
| population | 2017 | 8,332 | observed | high | Statistics Canada |
| population | 2016 | 8,316 | observed | high | Statistics Canada |
| population | 2015 | 8,198 | observed | high | Statistics Canada |
| population | 2014 | 7,994 | observed | high | Statistics Canada |
| population | 2013 | 7,898 | observed | high | Statistics Canada |
| unemployment rate | — | Data unavailable | observed | low | — |
| vacancy rate | — | Data unavailable | observed | low | — |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.