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Lochaber, NS

Updated: Aug 2016
House
Median price $114,750
Monthly growth -14.52 %
Quarterly trend
Stock on market 0.15%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Lochaber Home Price

The median asking price in Lochaber is $114,750, quite a drop from the median three months ago which was $184,948 .

The $114,750 price tag on the median Lochaber home means that it is very cheap in comparison to the rest of the nation.

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

This month we track 206th neighbourhoods in Nova Scotia, and Lochaber has the 206th most choice available for real estate investors.

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

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 Lochaber, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 6.

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

Over the last three months in Lochaber, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
4 bedrooms $187,750
Demographics
  • Population in 20118253
  • Population in 20067730
  • 2006 to 2011 population change (%)6.8
  • Total private dwellings4082
  • Private dwellings occupied by usual residents3229
  • Population density per square kilometre8.9
  • Land area (square km)927.79

Age Characteristics

Total population by age groups 8255
0 to 4 years 475
5 to 9 years 485
10 to 14 years 495
15 to 19 years 540
15 years 90
16 years 110
17 years 100
18 years 120
19 years 130
20 to 24 years 525
25 to 29 years 420
30 to 34 years 475
35 to 39 years 480
40 to 44 years 525
45 to 49 years 595
50 to 54 years 680
55 to 59 years 695
60 to 64 years 665
65 to 69 years 485
70 to 74 years 300
75 to 79 years 180
80 to 84 years 130
85 years and over 110
Median age of the population 42.2
% of the population aged 15 and over 82.5

Marital Status

Total population 15 years and over by marital status 6805
Married or living with a common-law partner 4195
Married (and not separated) 3640
Living common-law 555
Not married and not living with a common-law partner 2605
Single (never legally married) 1770
Separated 165
Divorced 310
Widowed 365

Family Characteristics

Total number of census families in private households 2405
Size of census family: 2 persons 1180
Size of census family: 3 persons 525
Size of census family: 4 persons 415
Size of census family: 5 or more persons 285
Total number of census families in private households 2405
Total couple families by family structure and number of children 2075
Married couples 1795
Without children at home 830
With children at home 970
1 child 365
2 children 355
3 or more children 250
Common-law couples 280
Without children at home 155
With children at home 120
1 child 70
2 children 30
3 or more children 25
Total lone-parent families by sex of parent and number of children 330
Female parent 265
1 child 155
2 children 75
3 or more children 30
Male parent 60
1 child 40
2 children 15
3 or more children 10
Total children in census families in private households 2655
Under six years of age 545
6 to 14 years 890
15 to 17 years 295
18 to 24 years 625
25 years and over 295
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 8225
Number of persons not in census families 1090
Living with relatives 125
Living with non-relatives only 175
Living alone 790
Number of census family persons 7135
Average number of persons per census family 3
Total number of persons 65 years and over in private households 1180
Number of persons not in census families aged 65 years and over 385
Living with relatives 40
Living with non-relatives only 25
Living alone 325
Number of census family persons aged 65 years and over 795
Total number of private households by household type 3230
Census-family households 2355
One-family-only households 2210
Couple-family households 1955
Without children 925
With children 1030
Lone-parent-family households 255
Other family households 140
One-family households with persons not in a census family 90
Couple-family households 50
Without children 20
With children 30
Lone-parent-family households 35
Two-or-more-family households 50
Non-census-family households 880
One-person households 790
Two-or-more-person households 90
Total number of occupied private dwellings by structural type of dwelling 3225
Single-detached house 2315
Apartment, building that has five or more storeys 0
Movable dwelling 595
Other dwelling 315
Semi-detached house 30
Row house 15
Apartment, duplex 120
Apartment, building that has fewer than five storeys 150
Other single-attached house 0
Total number of private households by household size 3230
1 person 790
2 persons 1135
3 persons 535
4 persons 445
5 persons 210
6 or more persons 115
Number of persons in private households 8220
Average number of persons in private households 2.5

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