Real Estate Market Report for
Banff, AB

Updated : Aug 2016
House
  • Median price $1,350,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.39%
Apartment
  • Median price $439,000
  • Monthly growth 7.07 %
  • Quarterly trend
  • Stock on market 0.18%
Banff Home Price

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Across the country as a whole, Banff is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

The median house price listed in Banff this month is $1,350,000.

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

Across Alberta Banff has the 142th most properties on offer with 339.

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

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 Banff have dried up which would tend to indicate that demand is higher than the supply of new properties.

The median asking price in Banff is $439,000, a substantial increase over the median three months ago which was $409,000 .

When our research team crunched the numbers we calculated that Banff has a median home price of $439,000.

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

Across Alberta Banff has the 54th most properties on offer with 99.

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

Over the last three months in Banff, housing stock available seems to be falling – this could mean that homes values might increase faster.

Beds Median price (House) Median price (Apartment)
1 bedroom $359,000
5 bedrooms $1,425,000
6 bedrooms $1,420,000
Demographics
  • Population in 20117584
  • Population in 20066700
  • 2006 to 2011 population change (%)13.2
  • Total private dwellings2850
  • Private dwellings occupied by usual residents2565
  • Population density per square kilometre1555
  • Land area (square km)4.88
  • Age Characteristics
    Total population by age groups 7580
    0 to 4 years 310
    5 to 9 years 250
    10 to 14 years 230
    15 to 19 years 390
    15 years 50
    16 years 55
    17 years 65
    18 years 90
    19 years 125
    20 to 24 years 1050
    25 to 29 years 1190
    30 to 34 years 865
    35 to 39 years 725
    40 to 44 years 540
    45 to 49 years 520
    50 to 54 years 425
    55 to 59 years 345
    60 to 64 years 270
    65 to 69 years 145
    70 to 74 years 100
    75 to 79 years 85
    80 to 84 years 80
    85 years and over 70
    Median age of the population 31.8
    % of the population aged 15 and over 89.6
  • Marital Status
    Total population 15 years and over by marital status 6795
    Married or living with a common-law partner 3085
    Married (and not separated) 2215
    Living common-law 870
    Not married and not living with a common-law partner 3710
    Single (never legally married) 3175
    Separated 100
    Divorced 280
    Widowed 155
    Family Characteristics
    Total number of census families in private households 1515
    Size of census family: 2 persons 860
    Size of census family: 3 persons 310
    Size of census family: 4 persons 270
    Size of census family: 5 or more persons 80
    Total number of census families in private households 1520
    Total couple families by family structure and number of children 1385
    Married couples 995
    Without children at home 455
    With children at home 540
    1 child 230
    2 children 240
    3 or more children 70
    Common-law couples 390
    Without children at home 320
    With children at home 70
    1 child 40
    2 children 20
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 135
    Female parent 95
    1 child 60
    2 children 30
    3 or more children 10
    Male parent 35
    1 child 25
    2 children 10
    3 or more children 0
    Total children in census families in private households 1230
    Under six years of age 365
    6 to 14 years 405
    15 to 17 years 170
    18 to 24 years 200
    25 years and over 85
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 6245
    Number of persons not in census families 2115
    Living with relatives 85
    Living with non-relatives only 1390
    Living alone 645
    Number of census family persons 4130
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 435
    Number of persons not in census families aged 65 years and over 180
    Living with relatives 15
    Living with non-relatives only 15
    Living alone 150
    Number of census family persons aged 65 years and over 255
    Total number of private households by household type 2565
    Census-family households 1475
    One-family-only households 1265
    Couple-family households 1155
    Without children 610
    With children 545
    Lone-parent-family households 110
    Other family households 210
    One-family households with persons not in a census family 170
    Couple-family households 155
    Without children 100
    With children 55
    Lone-parent-family households 15
    Two-or-more-family households 40
    Non-census-family households 1090
    One-person households 645
    Two-or-more-person households 445
    Total number of occupied private dwellings by structural type of dwelling 2565
    Single-detached house 405
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 2160
    Semi-detached house 350
    Row house 290
    Apartment, duplex 110
    Apartment, building that has fewer than five storeys 1400
    Other single-attached house 0
    Total number of private households by household size 2565
    1 person 645
    2 persons 925
    3 persons 465
    4 persons 365
    5 persons 120
    6 or more persons 45
    Number of persons in private households 6245
    Average number of persons in private households 2.4
Census 2011

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