Real Estate Market Report for
Cortes Bay, BC

Updated : Aug 2016
House
  • Median price $479,000
  • Monthly growth -1.64 %
  • Quarterly trend
  • Stock on market 2.62%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Cortes Bay Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Cortes Bay is number 476 putting it ahead of most neighbourhoods .

The median house price listed in Cortes Bay this month is $479,000.

Investors looking for properties in Cortes Bay 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 158th neighbourhoods in British Columbia, and Cortes Bay has the 158th most choice available for real estate investors.

Will prices rise across the next year in in Cortes Bay? There are a number of real estate indicators to consider.

In Cortes Bay, 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 Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

If you are looking at investment properties in Cortes Bay, 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 $186,000
2 bedrooms $495,000
3 bedrooms $485,000
Demographics
  • Population in 20111007
  • Population in 20061042
  • 2006 to 2011 population change (%)-3.4
  • Total private dwellings725
  • Private dwellings occupied by usual residents501
  • Population density per square kilometre7.4
  • Land area (square km)135.6
  • Age Characteristics
    Total population by age groups 1005
    0 to 4 years 40
    5 to 9 years 70
    10 to 14 years 50
    15 to 19 years 25
    15 years 10
    16 years 5
    17 years 10
    18 years 5
    19 years 5
    20 to 24 years 20
    25 to 29 years 20
    30 to 34 years 50
    35 to 39 years 80
    40 to 44 years 55
    45 to 49 years 75
    50 to 54 years 80
    55 to 59 years 95
    60 to 64 years 125
    65 to 69 years 100
    70 to 74 years 45
    75 to 79 years 40
    80 to 84 years 25
    85 years and over 15
    Median age of the population 51.1
    % of the population aged 15 and over 83.7
  • Marital Status
    Total population 15 years and over by marital status 845
    Married or living with a common-law partner 500
    Married (and not separated) 355
    Living common-law 145
    Not married and not living with a common-law partner 345
    Single (never legally married) 185
    Separated 40
    Divorced 90
    Widowed 30
    Family Characteristics
    Total number of census families in private households 285
    Size of census family: 2 persons 190
    Size of census family: 3 persons 45
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 20
    Total number of census families in private households 285
    Total couple families by family structure and number of children 240
    Married couples 170
    Without children at home 125
    With children at home 50
    1 child 20
    2 children 15
    3 or more children 10
    Common-law couples 70
    Without children at home 45
    With children at home 30
    1 child 15
    2 children 10
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 40
    Female parent 25
    1 child 20
    2 children 5
    3 or more children 0
    Male parent 15
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 215
    Under six years of age 55
    6 to 14 years 105
    15 to 17 years 15
    18 to 24 years 20
    25 years and over 15
    Average number of children at home per census family 0.7
  • Household And Dwelling Characteristics
    Total number of persons in private households 995
    Number of persons not in census families 255
    Living with relatives 10
    Living with non-relatives only 45
    Living alone 200
    Number of census family persons 740
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 220
    Number of persons not in census families aged 65 years and over 65
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 60
    Number of census family persons aged 65 years and over 155
    Total number of private households by household type 500
    Census-family households 285
    One-family-only households 275
    Couple-family households 240
    Without children 160
    With children 75
    Lone-parent-family households 35
    Other family households 10
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 215
    One-person households 200
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 500
    Single-detached house 470
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 10
    Semi-detached house 0
    Row house 0
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 500
    1 person 200
    2 persons 190
    3 persons 55
    4 persons 30
    5 persons 20
    6 or more persons 5
    Number of persons in private households 990
    Average number of persons in private households 2
Census 2011

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