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Magna Bay, BC

Updated: Aug 2016
House
Median price $549,000
Monthly growth 64.15 %
Quarterly trend
Stock on market 0.59%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Magna Bay Home Price

Across the country as a whole, Magna Bay is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

The median house price listed in Magna Bay this month is $549,000.

Magna Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

From our data, it appears that neighbourhood is number 1302th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.

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

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

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

Beds Median price (House) Median price (Apartment)
1 bedroom $357,000
2 bedrooms $364,900
3 bedrooms $795,000
4 bedrooms $549,000
5 bedrooms $611,950
Demographics
  • Population in 20112368
  • Population in 20062731
  • 2006 to 2011 population change (%)-13.3
  • Total private dwellings3221
  • Private dwellings occupied by usual residents1173
  • Population density per square kilometre0.9
  • Land area (square km)2656.93

Age Characteristics

Total population by age groups 2365
0 to 4 years 55
5 to 9 years 70
10 to 14 years 75
15 to 19 years 85
15 years 20
16 years 15
17 years 20
18 years 20
19 years 10
20 to 24 years 60
25 to 29 years 60
30 to 34 years 60
35 to 39 years 80
40 to 44 years 120
45 to 49 years 150
50 to 54 years 240
55 to 59 years 315
60 to 64 years 335
65 to 69 years 295
70 to 74 years 175
75 to 79 years 120
80 to 84 years 55
85 years and over 30
Median age of the population 57.4
% of the population aged 15 and over 91.8

Marital Status

Total population 15 years and over by marital status 2170
Married or living with a common-law partner 1535
Married (and not separated) 1315
Living common-law 215
Not married and not living with a common-law partner 635
Single (never legally married) 305
Separated 85
Divorced 140
Widowed 105

Family Characteristics

Total number of census families in private households 810
Size of census family: 2 persons 630
Size of census family: 3 persons 85
Size of census family: 4 persons 75
Size of census family: 5 or more persons 25
Total number of census families in private households 810
Total couple families by family structure and number of children 760
Married couples 655
Without children at home 520
With children at home 130
1 child 60
2 children 55
3 or more children 20
Common-law couples 110
Without children at home 75
With children at home 30
1 child 15
2 children 15
3 or more children 5
Total lone-parent families by sex of parent and number of children 50
Female parent 30
1 child 25
2 children 5
3 or more children 5
Male parent 20
1 child 10
2 children 5
3 or more children 0
Total children in census families in private households 365
Under six years of age 70
6 to 14 years 130
15 to 17 years 55
18 to 24 years 70
25 years and over 40
Average number of children at home per census family 0.5

Household And Dwelling Characteristics

Total number of persons in private households 2365
Number of persons not in census families 430
Living with relatives 20
Living with non-relatives only 75
Living alone 335
Number of census family persons 1935
Average number of persons per census family 2.4
Total number of persons 65 years and over in private households 670
Number of persons not in census families aged 65 years and over 125
Living with relatives 5
Living with non-relatives only 5
Living alone 110
Number of census family persons aged 65 years and over 545
Total number of private households by household type 1175
Census-family households 810
One-family-only households 775
Couple-family households 735
Without children 575
With children 155
Lone-parent-family households 40
Other family households 30
One-family households with persons not in a census family 25
Couple-family households 15
Without children 15
With children 5
Lone-parent-family households 5
Two-or-more-family households 5
Non-census-family households 370
One-person households 335
Two-or-more-person households 35
Total number of occupied private dwellings by structural type of dwelling 1170
Single-detached house 1015
Apartment, building that has five or more storeys 0
Movable dwelling 130
Other dwelling 30
Semi-detached house 10
Row house 10
Apartment, duplex 5
Apartment, building that has fewer than five storeys 0
Other single-attached house 5
Total number of private households by household size 1175
1 person 335
2 persons 635
3 persons 95
4 persons 70
5 persons 25
6 or more persons 10
Number of persons in private households 2370
Average number of persons in private households 2

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