Real Estate Market Report for
Burns Lake, BC

Updated : Aug 2016
House
  • Median price $139,000
  • Monthly growth -10.03 %
  • Quarterly trend
  • Stock on market 8.63%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Burns Lake Home Price

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Burns Lake was Canada’s 4155th most expensive suburb by listed median house price this month.

With Burns Lake’s median house price at $139,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.

How big are the houses being sold in Burns Lake? This month there are 4 one bedroom 11 two bedroom 8 three bedroom 16 four bedroom 4 five bedroom homes on the market.

Across British Columbia Burns Lake has the 67th most properties on offer with 359.

It’s never an exact art, but to try to forecast how property is going to appreciate in Burns Lake 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 Burns Lake have increased which would tend to indicate that demand is not as high as supply.

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

If you are looking at investment properties in Burns Lake, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
1 bedroom $62,000
2 bedrooms $180,000
3 bedrooms $291,350
4 bedrooms $267,000
5 bedrooms $184,450
6 bedrooms $219,000
Demographics
  • Population in 20112029
  • Population in 20062107
  • 2006 to 2011 population change (%)-3.7
  • Total private dwellings846
  • Private dwellings occupied by usual residents766
  • Population density per square kilometre307.7
  • Land area (square km)6.59
  • Age Characteristics
    Total population by age groups 2030
    0 to 4 years 165
    5 to 9 years 140
    10 to 14 years 150
    15 to 19 years 175
    15 years 30
    16 years 40
    17 years 30
    18 years 40
    19 years 35
    20 to 24 years 130
    25 to 29 years 145
    30 to 34 years 130
    35 to 39 years 115
    40 to 44 years 150
    45 to 49 years 150
    50 to 54 years 135
    55 to 59 years 100
    60 to 64 years 90
    65 to 69 years 70
    70 to 74 years 45
    75 to 79 years 60
    80 to 84 years 55
    85 years and over 40
    Median age of the population 34.4
    % of the population aged 15 and over 77.9
  • Marital Status
    Total population 15 years and over by marital status 1580
    Married or living with a common-law partner 880
    Married (and not separated) 655
    Living common-law 225
    Not married and not living with a common-law partner 700
    Single (never legally married) 465
    Separated 45
    Divorced 85
    Widowed 105
    Family Characteristics
    Total number of census families in private households 545
    Size of census family: 2 persons 270
    Size of census family: 3 persons 110
    Size of census family: 4 persons 100
    Size of census family: 5 or more persons 65
    Total number of census families in private households 545
    Total couple families by family structure and number of children 425
    Married couples 310
    Without children at home 160
    With children at home 155
    1 child 55
    2 children 65
    3 or more children 35
    Common-law couples 115
    Without children at home 50
    With children at home 60
    1 child 30
    2 children 10
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 120
    Female parent 95
    1 child 50
    2 children 25
    3 or more children 25
    Male parent 25
    1 child 15
    2 children 10
    3 or more children 0
    Total children in census families in private households 665
    Under six years of age 180
    6 to 14 years 255
    15 to 17 years 95
    18 to 24 years 100
    25 years and over 35
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 1970
    Number of persons not in census families 330
    Living with relatives 60
    Living with non-relatives only 60
    Living alone 215
    Number of census family persons 1635
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 210
    Number of persons not in census families aged 65 years and over 90
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 85
    Number of census family persons aged 65 years and over 120
    Total number of private households by household type 770
    Census-family households 520
    One-family-only households 465
    Couple-family households 380
    Without children 195
    With children 185
    Lone-parent-family households 80
    Other family households 55
    One-family households with persons not in a census family 35
    Couple-family households 20
    Without children 10
    With children 10
    Lone-parent-family households 15
    Two-or-more-family households 20
    Non-census-family households 245
    One-person households 215
    Two-or-more-person households 30
    Total number of occupied private dwellings by structural type of dwelling 765
    Single-detached house 500
    Apartment, building that has five or more storeys 0
    Movable dwelling 45
    Other dwelling 220
    Semi-detached house 20
    Row house 40
    Apartment, duplex 30
    Apartment, building that has fewer than five storeys 130
    Other single-attached house 0
    Total number of private households by household size 765
    1 person 215
    2 persons 260
    3 persons 105
    4 persons 95
    5 persons 45
    6 or more persons 40
    Number of persons in private households 1965
    Average number of persons in private households 2.6
Census 2011

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