Real Estate Market Report for
Candle Lake, SK

Updated : Aug 2016
House
  • Median price $322,400
  • Monthly growth -2.00 %
  • Quarterly trend
  • Stock on market 2.98%
Apartment
  • Median price $318,700
  • Monthly growth -17.75 %
  • Quarterly trend
  • Stock on market 0.13%
Candle Lake Home Price

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Across the country as a whole, Candle Lake is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

The $322,400 price tag on the median Candle Lake home means that it is above the cost of most houses in the country.

Investors looking for properties in Candle Lake are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.

This month we track 21th neighbourhoods in Saskatchewan, and Candle Lake has the 21th most choice available for real estate investors.

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

In Candle Lake, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Candle Lake is number 178 putting it ahead of most neighbourhoods .

Candle Lake, Saskatchewan has a median house price of $318,700 when compiling all the home listings in Aug .

There are 46 neighbourhoods that have more properties on sale than Candle Lake at the moment in Saskatchewan which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Candle Lake, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.

Beds Median price (House) Median price (Apartment)
2 bedrooms $234,200
3 bedrooms $329,000
4 bedrooms $416,000
5 bedrooms $458,000
Demographics
  • 2006 to 2011 population change (%)-3.4
  • Total private dwellings1542
  • Private dwellings occupied by usual residents382
  • Population density per square kilometre12.1
  • Land area (square km)63.32
  • Population in 2011765
  • Population in 2006792
  • Age Characteristics
    Total population by age groups 765
    0 to 4 years 20
    5 to 9 years 25
    10 to 14 years 20
    15 to 19 years 15
    15 years 5
    16 years 0
    17 years 5
    18 years 5
    19 years 0
    20 to 24 years 15
    25 to 29 years 15
    30 to 34 years 20
    35 to 39 years 25
    40 to 44 years 25
    45 to 49 years 40
    50 to 54 years 70
    55 to 59 years 120
    60 to 64 years 110
    65 to 69 years 115
    70 to 74 years 70
    75 to 79 years 35
    80 to 84 years 20
    85 years and over 10
    Median age of the population 59.1
    % of the population aged 15 and over 91.8
  • Marital Status
    Total population 15 years and over by marital status 700
    Married or living with a common-law partner 545
    Married (and not separated) 520
    Living common-law 30
    Not married and not living with a common-law partner 155
    Single (never legally married) 60
    Separated 10
    Divorced 35
    Widowed 50
    Family Characteristics
    Total number of census families in private households 275
    Size of census family: 2 persons 230
    Size of census family: 3 persons 25
    Size of census family: 4 persons 10
    Size of census family: 5 or more persons 10
    Total number of census families in private households 275
    Total couple families by family structure and number of children 270
    Married couples 255
    Without children at home 215
    With children at home 40
    1 child 20
    2 children 10
    3 or more children 10
    Common-law couples 15
    Without children at home 10
    With children at home 5
    1 child 5
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 5
    Female parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Male parent 0
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 90
    Under six years of age 20
    6 to 14 years 40
    15 to 17 years 10
    18 to 24 years 15
    25 years and over 5
    Average number of children at home per census family 0.3
  • Household And Dwelling Characteristics
    Total number of persons in private households 755
    Number of persons not in census families 125
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 100
    Number of census family persons 635
    Average number of persons per census family 2.3
    Total number of persons 65 years and over in private households 245
    Number of persons not in census families aged 65 years and over 40
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 40
    Number of census family persons aged 65 years and over 200
    Total number of private households by household type 385
    Census-family households 275
    One-family-only households 270
    Couple-family households 265
    Without children 220
    With children 45
    Lone-parent-family households 5
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 105
    One-person households 100
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 380
    Single-detached house 370
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 10
    Semi-detached house 10
    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 380
    1 person 100
    2 persons 230
    3 persons 30
    4 persons 15
    5 persons 5
    6 or more persons 5
    Number of persons in private households 760
    Average number of persons in private households 2
Census 2011

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