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Hanover, ON

Updated: Aug 2016
House
Median price $249,900
Monthly growth 74.20 %
Quarterly trend
Stock on market 1.04%
Apartment
Median price $187,400
Monthly growth
Quarterly trend
Stock on market 0.06%

Hanover Home Price

With a median listing price of $249,900, Hanover is Canada’s 2058th most expensive when ordered by median listing price.

Hanover, Ontario has a median house price of $249,900 when compiling all the home listings in Aug .

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

As one of Ontario’s many potential real estate investment neighbourhoods, Hanover needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Hanover, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Hanover is number 654 putting it in the bottom half of the country .

With Hanover’s median house price at $187,400 in Aug , it is below average compared to the rest of Ontario.

Ontario has the second most amount of properties available to property investors, with Hanover having 149th most in the province, out of a total of 196.

When we look at the data we have, it can help with trying to establish whether or not Hanover is a good investment target.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $152,900
3 bedrooms $259,900
4 bedrooms $259,900
Demographics
  • Population in 20117490
  • Population in 20067147
  • 2006 to 2011 population change (%)4.8
  • Total private dwellings3353
  • Private dwellings occupied by usual residents3163
  • Population density per square kilometre763.8
  • Land area (square km)9.81