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Monte Lake, BC

Updated: Aug 2016
House
Median price $349,900
Monthly growth 27.28 %
Quarterly trend
Stock on market 0.48%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Monte Lake Home Price

Monte Lake was Canada’s 1031th most expensive suburb by listed median house price this month.

The $349,900 price tag on the median Monte Lake home means that it is above the cost of most houses in the country.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

According to our stats, Monte Lake is the neighbourhood that has the 245th most properties available to real estate investors in British Columbia.

As one of British Columbia’s many potential real estate investment neighbourhoods, Monte Lake 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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Monte Lake have increased which would tend to indicate that demand is not as high as supply.

Is Monte Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

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 Monte Lake, BC
Beds Median price (House) Median price (Apartment)
3 bedrooms $449,450
Demographics
  • Population in 20113049
  • Population in 20062981
  • 2006 to 2011 population change (%)2.3
  • Total private dwellings1469
  • Private dwellings occupied by usual residents1299
  • Population density per square kilometre1.6
  • Land area (square km)1917.22

Age Characteristics

Total population by age groups 3050
0 to 4 years 95
5 to 9 years 120
10 to 14 years 170
15 to 19 years 180
15 years 40
16 years 35
17 years 50
18 years 25
19 years 30
20 to 24 years 115
25 to 29 years 105
30 to 34 years 120
35 to 39 years 130
40 to 44 years 205
45 to 49 years 265
50 to 54 years 330
55 to 59 years 350
60 to 64 years 305
65 to 69 years 215
70 to 74 years 145
75 to 79 years 110
80 to 84 years 55
85 years and over 30
Median age of the population 50.2
% of the population aged 15 and over 87.3

Marital Status

Total population 15 years and over by marital status 2660
Married or living with a common-law partner 1875
Married (and not separated) 1530
Living common-law 345
Not married and not living with a common-law partner 780
Single (never legally married) 445
Separated 65
Divorced 160
Widowed 110

Family Characteristics

Total number of census families in private households 995
Size of census family: 2 persons 650
Size of census family: 3 persons 150
Size of census family: 4 persons 150
Size of census family: 5 or more persons 50
Total number of census families in private households 995
Total couple families by family structure and number of children 925
Married couples 755
Without children at home 480
With children at home 270
1 child 105
2 children 125
3 or more children 45
Common-law couples 175
Without children at home 120
With children at home 55
1 child 30
2 children 20
3 or more children 5
Total lone-parent families by sex of parent and number of children 70
Female parent 40
1 child 35
2 children 5
3 or more children 0
Male parent 25
1 child 15
2 children 5
3 or more children 5
Total children in census families in private households 680
Under six years of age 115
6 to 14 years 265
15 to 17 years 120
18 to 24 years 120
25 years and over 55
Average number of children at home per census family 0.7

Household And Dwelling Characteristics

Total number of persons in private households 3040
Number of persons not in census families 440
Living with relatives 70
Living with non-relatives only 80
Living alone 295
Number of census family persons 2600
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 550
Number of persons not in census families aged 65 years and over 130
Living with relatives 25
Living with non-relatives only 15
Living alone 90
Number of census family persons aged 65 years and over 420
Total number of private households by household type 1300
Census-family households 970
One-family-only households 895
Couple-family households 840
Without children 550
With children 290
Lone-parent-family households 55
Other family households 75
One-family households with persons not in a census family 50
Couple-family households 40
Without children 20
With children 20
Lone-parent-family households 5
Two-or-more-family households 25
Non-census-family households 330
One-person households 290
Two-or-more-person households 35
Total number of occupied private dwellings by structural type of dwelling 1300
Single-detached house 1090
Apartment, building that has five or more storeys 0
Movable dwelling 210
Other dwelling 5
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 1300
1 person 290
2 persons 620
3 persons 155
4 persons 165
5 persons 40
6 or more persons 30
Number of persons in private households 3045
Average number of persons in private households 2.3

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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