Trending

If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.

Ads Google

Nanoose Bay, BC

Updated: Aug 2016
House
Median price $738,800
Monthly growth -4.67 %
Quarterly trend
Stock on market 2.04%
Apartment
Median price $238,000
Monthly growth 11.24 %
Quarterly trend
Stock on market 0.17%

Nanoose Bay Home Price

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

With Nanoose Bay’s median house price at $738,800 in Aug , it is high priced compared to the rest of British Columbia.

This month we track 83th neighbourhoods in British Columbia, and Nanoose Bay has the 83th most choice available for real estate investors.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Nanoose Bay is number 404 putting it in the top half of the country .

Nanoose Bay, British Columbia has a median house price of $238,000 when compiling all the home listings in Aug .

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Nanoose Bay has fewer than average compared to the rest of the province

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Nanoose Bay there is more stock than three months ago. This would indicate pressure on prices easing.

Find a mortgage broker in Nanoose Bay, BC
Beds Median price (House) Median price (Apartment)
1 bedroom $228,950
2 bedrooms $529,000
3 bedrooms $750,000
4 bedrooms $679,450
5 bedrooms $979,000
Demographics
  • Population in 20115674
  • Population in 20065462
  • 2006 to 2011 population change (%)3.9
  • Total private dwellings2892
  • Private dwellings occupied by usual residents2587
  • Population density per square kilometre75.5
  • Land area (square km)75.17

Age Characteristics

Total population by age groups 5675
0 to 4 years 140
5 to 9 years 170
10 to 14 years 180
15 to 19 years 265
15 years 40
16 years 50
17 years 65
18 years 45
19 years 65
20 to 24 years 195
25 to 29 years 120
30 to 34 years 160
35 to 39 years 185
40 to 44 years 230
45 to 49 years 360
50 to 54 years 525
55 to 59 years 650
60 to 64 years 785
65 to 69 years 645
70 to 74 years 455
75 to 79 years 320
80 to 84 years 200
85 years and over 90
Median age of the population 57.3
% of the population aged 15 and over 91.4

Marital Status

Total population 15 years and over by marital status 5185
Married or living with a common-law partner 3810
Married (and not separated) 3400
Living common-law 420
Not married and not living with a common-law partner 1370
Single (never legally married) 740
Separated 90
Divorced 280
Widowed 265

Family Characteristics

Total number of census families in private households 2020
Size of census family: 2 persons 1525
Size of census family: 3 persons 245
Size of census family: 4 persons 190
Size of census family: 5 or more persons 65
Total number of census families in private households 2025
Total couple families by family structure and number of children 1885
Married couples 1680
Without children at home 1270
With children at home 410
1 child 190
2 children 165
3 or more children 55
Common-law couples 205
Without children at home 155
With children at home 50
1 child 25
2 children 15
3 or more children 10
Total lone-parent families by sex of parent and number of children 140
Female parent 100
1 child 60
2 children 30
3 or more children 5
Male parent 45
1 child 35
2 children 5
3 or more children 0
Total children in census families in private households 980
Under six years of age 180
6 to 14 years 305
15 to 17 years 150
18 to 24 years 260
25 years and over 90
Average number of children at home per census family 0.5

Household And Dwelling Characteristics

Total number of persons in private households 5640
Number of persons not in census families 750
Living with relatives 65
Living with non-relatives only 155
Living alone 530
Number of census family persons 4890
Average number of persons per census family 2.4
Total number of persons 65 years and over in private households 1705
Number of persons not in census families aged 65 years and over 325
Living with relatives 25
Living with non-relatives only 35
Living alone 260
Number of census family persons aged 65 years and over 1375
Total number of private households by household type 2590
Census-family households 1995
One-family-only households 1885
Couple-family households 1795
Without children 1365
With children 425
Lone-parent-family households 95
Other family households 110
One-family households with persons not in a census family 80
Couple-family households 55
Without children 35
With children 15
Lone-parent-family households 25
Two-or-more-family households 25
Non-census-family households 590
One-person households 530
Two-or-more-person households 65
Total number of occupied private dwellings by structural type of dwelling 2590
Single-detached house 2310
Apartment, building that has five or more storeys 30
Movable dwelling 125
Other dwelling 120
Semi-detached house 30
Row house 45
Apartment, duplex 40
Apartment, building that has fewer than five storeys 5
Other single-attached house 0
Total number of private households by household size 2590
1 person 530
2 persons 1490
3 persons 270
4 persons 205
5 persons 60
6 or more persons 25
Number of persons in private households 5645
Average number of persons in private households 2.2

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.

Useful Links

Advertisement

Website Managed By

© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media