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Balmoral, MB

Updated: Aug 2016
House
Median price $372,400
Monthly growth -3.24 %
Quarterly trend
Stock on market 0.15%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Balmoral Home Price

When our research team crunched the numbers we calculated that Balmoral has a median home price of $372,400.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

This month we track 158th neighbourhoods in Manitoba, and Balmoral has the 158th most choice available for real estate investors.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Balmoral will hopefully provide an indicator to help you where to research in-depth

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Balmoral, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 4, this month we show 4.

It’s never an exact art, but to try to forecast how property is going to appreciate in Balmoral for investors, it’s important to look at data like:

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Find a mortgage broker in Balmoral, MB
Beds Median price (House) Median price (Apartment)
3 bedrooms $347,400
4 bedrooms $392,400
Demographics
  • Land area (square km)1199.76
  • Population in 20117964
  • Population in 20067692
  • 2006 to 2011 population change (%)3.5
  • Total private dwellings2705
  • Private dwellings occupied by usual residents2638
  • Population density per square kilometre6.6

Age Characteristics

Total population by age groups 7965
0 to 4 years 425
5 to 9 years 430
10 to 14 years 515
15 to 19 years 605
15 years 120
16 years 135
17 years 115
18 years 120
19 years 110
20 to 24 years 540
25 to 29 years 460
30 to 34 years 465
35 to 39 years 555
40 to 44 years 585
45 to 49 years 740
50 to 54 years 690
55 to 59 years 580
60 to 64 years 480
65 to 69 years 350
70 to 74 years 225
75 to 79 years 160
80 to 84 years 90
85 years and over 55
Median age of the population 39.9
% of the population aged 15 and over 82.7

Marital Status

Total population 15 years and over by marital status 6590
Married or living with a common-law partner 4125
Married (and not separated) 3615
Living common-law 505
Not married and not living with a common-law partner 2465
Single (never legally married) 1855
Separated 130
Divorced 230
Widowed 250

Family Characteristics

Total number of census families in private households 2150
Size of census family: 2 persons 1090
Size of census family: 3 persons 410
Size of census family: 4 persons 475
Size of census family: 5 or more persons 180
Total number of census families in private households 2155
Total couple families by family structure and number of children 1955
Married couples 1705
Without children at home 810
With children at home 890
1 child 300
2 children 425
3 or more children 165
Common-law couples 250
Without children at home 150
With children at home 105
1 child 55
2 children 40
3 or more children 15
Total lone-parent families by sex of parent and number of children 200
Female parent 140
1 child 90
2 children 40
3 or more children 10
Male parent 60
1 child 40
2 children 10
3 or more children 5
Total children in census families in private households 2185
Under six years of age 450
6 to 14 years 755
15 to 17 years 330
18 to 24 years 470
25 years and over 180
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 6990
Number of persons not in census families 700
Living with relatives 125
Living with non-relatives only 100
Living alone 480
Number of census family persons 6295
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 845
Number of persons not in census families aged 65 years and over 215
Living with relatives 25
Living with non-relatives only 10
Living alone 180
Number of census family persons aged 65 years and over 625
Total number of private households by household type 2640
Census-family households 2110
One-family-only households 1985
Couple-family households 1840
Without children 895
With children 945
Lone-parent-family households 140
Other family households 125
One-family households with persons not in a census family 90
Couple-family households 60
Without children 30
With children 30
Lone-parent-family households 30
Two-or-more-family households 45
Non-census-family households 530
One-person households 480
Two-or-more-person households 50
Total number of occupied private dwellings by structural type of dwelling 2640
Single-detached house 2450
Apartment, building that has five or more storeys 0
Movable dwelling 130
Other dwelling 60
Semi-detached house 0
Row house 0
Apartment, duplex 5
Apartment, building that has fewer than five storeys 50
Other single-attached house 0
Total number of private households by household size 2640
1 person 475
2 persons 1030
3 persons 410
4 persons 490
5 persons 155
6 or more persons 70
Number of persons in private households 6990
Average number of persons in private households 2.7

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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