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Merville, BC

Updated: Aug 2016
House
Median price $749,000
Monthly growth 15.41 %
Quarterly trend
Stock on market 0.13%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Merville Home Price

Canada’s national median home listing price this month is $290,900, which means that Merville is in the top 20% for Canada.

While the median for British Columbia is $519,000 , which means that Merville’s median price is $749,000 considerably better than the rest of the province.

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.

There are 359 neighbourhoods that have more properties on sale than Merville at the moment in British Columbia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

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.

British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $769,000
4 bedrooms $497,450
Demographics
  • Private dwellings occupied by usual residents3373
  • Population density per square kilometre7.7
  • Land area (square km)1074.61
  • Population in 20118325
  • Population in 20068099
  • 2006 to 2011 population change (%)2.8
  • Total private dwellings3854