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Read Island, BC

Updated: Aug 2016
House
Median price $596,250
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.12%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Read Island Home Price

When looking across the province, Read Island is the 83th most expensive in British Columbia.

In Aug the median listed house price of $596,250 in Read Island was an impressive compared to the rest of British Columbia.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Read Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Can we guarantee how well Read Island is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

In Read Island, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Demographics
  • Population in 20112601
  • Population in 20062472
  • 2006 to 2011 population change (%)5.2
  • Total private dwellings1690
  • Private dwellings occupied by usual residents1203
  • Population density per square kilometre0.3
  • Land area (square km)9238.49

Age Characteristics

Total population by age groups 2600
0 to 4 years 105
5 to 9 years 100
10 to 14 years 115
15 to 19 years 150
15 years 30
16 years 30
17 years 25
18 years 30
19 years 35
20 to 24 years 90
25 to 29 years 100
30 to 34 years 120
35 to 39 years 140
40 to 44 years 120
45 to 49 years 185
50 to 54 years 230
55 to 59 years 340
60 to 64 years 325
65 to 69 years 245
70 to 74 years 110
75 to 79 years 55
80 to 84 years 40
85 years and over 20
Median age of the population 51.5
% of the population aged 15 and over 87.6

Marital Status

Total population 15 years and over by marital status 2280
Married or living with a common-law partner 1430
Married (and not separated) 1100
Living common-law 335
Not married and not living with a common-law partner 845
Single (never legally married) 490
Separated 65
Divorced 215
Widowed 75

Family Characteristics

Total number of census families in private households 780
Size of census family: 2 persons 525
Size of census family: 3 persons 130
Size of census family: 4 persons 90
Size of census family: 5 or more persons 40
Total number of census families in private households 780
Total couple families by family structure and number of children 685
Married couples 515
Without children at home 360
With children at home 160
1 child 70
2 children 65
3 or more children 25
Common-law couples 165
Without children at home 105
With children at home 60
1 child 40
2 children 20
3 or more children 5
Total lone-parent families by sex of parent and number of children 100
Female parent 65
1 child 45
2 children 20
3 or more children 5
Male parent 30
1 child 20
2 children 10
3 or more children 5
Total children in census families in private households 520
Under six years of age 115
6 to 14 years 185
15 to 17 years 80
18 to 24 years 95
25 years and over 40
Average number of children at home per census family 0.7

Household And Dwelling Characteristics

Total number of persons in private households 2505
Number of persons not in census families 520
Living with relatives 30
Living with non-relatives only 100
Living alone 390
Number of census family persons 1985
Average number of persons per census family 2.5
Total number of persons 65 years and over in private households 455
Number of persons not in census families aged 65 years and over 125
Living with relatives 15
Living with non-relatives only 10
Living alone 100
Number of census family persons aged 65 years and over 325
Total number of private households by household type 1205
Census-family households 775
One-family-only households 730
Couple-family households 650
Without children 445
With children 205
Lone-parent-family households 80
Other family households 40
One-family households with persons not in a census family 30
Couple-family households 20
Without children 10
With children 15
Lone-parent-family households 10
Two-or-more-family households 10
Non-census-family households 430
One-person households 390
Two-or-more-person households 40
Total number of occupied private dwellings by structural type of dwelling 1205
Single-detached house 1075
Apartment, building that has five or more storeys 0
Movable dwelling 95
Other dwelling 30
Semi-detached house 0
Row house 5
Apartment, duplex 5
Apartment, building that has fewer than five storeys 20
Other single-attached house 0
Total number of private households by household size 1205
1 person 390
2 persons 535
3 persons 135
4 persons 90
5 persons 35
6 or more persons 15
Number of persons in private households 2505
Average number of persons in private households 2.1

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