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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.

Find a mortgage broker in Merville, BC
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

Age Characteristics

Total population by age groups 8325
0 to 4 years 360
5 to 9 years 380
10 to 14 years 475
15 to 19 years 580
15 years 120
16 years 110
17 years 110
18 years 135
19 years 105
20 to 24 years 355
25 to 29 years 305
30 to 34 years 355
35 to 39 years 410
40 to 44 years 510
45 to 49 years 760
50 to 54 years 920
55 to 59 years 920
60 to 64 years 735
65 to 69 years 520
70 to 74 years 335
75 to 79 years 240
80 to 84 years 105
85 years and over 70
Median age of the population 48.1
% of the population aged 15 and over 85.4

Marital Status

Total population 15 years and over by marital status 7110
Married or living with a common-law partner 4745
Married (and not separated) 3930
Living common-law 810
Not married and not living with a common-law partner 2370
Single (never legally married) 1475
Separated 195
Divorced 415
Widowed 280

Family Characteristics

Total number of census families in private households 2635
Size of census family: 2 persons 1580
Size of census family: 3 persons 495
Size of census family: 4 persons 390
Size of census family: 5 or more persons 175
Total number of census families in private households 2635
Total couple families by family structure and number of children 2340
Married couples 1935
Without children at home 1135
With children at home 800
1 child 345
2 children 315
3 or more children 145
Common-law couples 405
Without children at home 250
With children at home 160
1 child 80
2 children 60
3 or more children 20
Total lone-parent families by sex of parent and number of children 300
Female parent 185
1 child 125
2 children 40
3 or more children 20
Male parent 110
1 child 75
2 children 35
3 or more children 5
Total children in census families in private households 2190
Under six years of age 415
6 to 14 years 785
15 to 17 years 325
18 to 24 years 475
25 years and over 190
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 8270
Number of persons not in census families 1110
Living with relatives 125
Living with non-relatives only 280
Living alone 700
Number of census family persons 7165
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 1260
Number of persons not in census families aged 65 years and over 315
Living with relatives 55
Living with non-relatives only 30
Living alone 230
Number of census family persons aged 65 years and over 950
Total number of private households by household type 3370
Census-family households 2570
One-family-only households 2365
Couple-family households 2155
Without children 1270
With children 880
Lone-parent-family households 215
Other family households 205
One-family households with persons not in a census family 145
Couple-family households 95
Without children 45
With children 50
Lone-parent-family households 50
Two-or-more-family households 60
Non-census-family households 800
One-person households 700
Two-or-more-person households 100
Total number of occupied private dwellings by structural type of dwelling 3370
Single-detached house 3045
Apartment, building that has five or more storeys 0
Movable dwelling 245
Other dwelling 85
Semi-detached house 20
Row house 5
Apartment, duplex 40
Apartment, building that has fewer than five storeys 20
Other single-attached house 5
Total number of private households by household size 3375
1 person 700
2 persons 1490
3 persons 525
4 persons 430
5 persons 140
6 or more persons 90
Number of persons in private households 8270
Average number of persons in private households 2.5

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