Real Estate Market Report for
Courtenay, BC

Updated : Aug 2016
House
  • Median price $449,900
  • Monthly growth 5.88 %
  • Quarterly trend
  • Stock on market 1.78%
Apartment
  • Median price $204,900
  • Monthly growth -2.38 %
  • Quarterly trend
  • Stock on market 0.90%
Courtenay Home Price

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Canada’s national median home listing price this month is $290,900, which means that Courtenay is in the top 20% for Canada.

With Courtenay’s median house price at $449,900 in Aug , it is above average compared to the rest of British Columbia.

How big are the houses being sold in Courtenay? This month there are 2 one bedroom 37 two bedroom 97 three bedroom 39 four bedroom 19 five bedroom homes on the market.

British Columbia has the third most amount of properties available to property investors, with Courtenay having 21th most in the province, out of a total of 359.

Can we guarantee how well Courtenay 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.

If you are looking at investment properties in Courtenay, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.

Courtenay was Canada’s 544th most expensive suburb by listed median house price this month.

The $204,900 price tag on the median Courtenay home means that it is about average price.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.

From our data, it appears that neighbourhood is number 84th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

When we look at the data we have, it can help with trying to establish whether or not Courtenay is a good investment target.

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 Courtenay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 148, this month we show 102.

Beds Median price (House) Median price (Apartment)
1 bedroom $317,500 $94,900
2 bedrooms $394,900 $219,900
3 bedrooms $429,900 $249,900
4 bedrooms $499,900 $275,750
5 bedrooms $459,900
6 bedrooms $889,950
Demographics
  • Population in 201124099
  • Population in 200622021
  • 2006 to 2011 population change (%)9.4
  • Total private dwellings11377
  • Private dwellings occupied by usual residents10889
  • Population density per square kilometre820.2
  • Land area (square km)29.38
  • Age Characteristics
    Total population by age groups 24100
    0 to 4 years 1175
    5 to 9 years 1160
    10 to 14 years 1195
    15 to 19 years 1455
    15 years 275
    16 years 285
    17 years 320
    18 years 285
    19 years 280
    20 to 24 years 1190
    25 to 29 years 1330
    30 to 34 years 1295
    35 to 39 years 1330
    40 to 44 years 1430
    45 to 49 years 1775
    50 to 54 years 1810
    55 to 59 years 1785
    60 to 64 years 1885
    65 to 69 years 1550
    70 to 74 years 1285
    75 to 79 years 1025
    80 to 84 years 755
    85 years and over 670
    Median age of the population 46.5
    % of the population aged 15 and over 85.4
  • Marital Status
    Total population 15 years and over by marital status 20570
    Married or living with a common-law partner 11540
    Married (and not separated) 9445
    Living common-law 2090
    Not married and not living with a common-law partner 9030
    Single (never legally married) 4870
    Separated 735
    Divorced 1950
    Widowed 1470
    Family Characteristics
    Total number of census families in private households 6935
    Size of census family: 2 persons 4330
    Size of census family: 3 persons 1280
    Size of census family: 4 persons 980
    Size of census family: 5 or more persons 345
    Total number of census families in private households 6935
    Total couple families by family structure and number of children 5655
    Married couples 4605
    Without children at home 2900
    With children at home 1705
    1 child 710
    2 children 745
    3 or more children 255
    Common-law couples 1045
    Without children at home 630
    With children at home 420
    1 child 220
    2 children 135
    3 or more children 65
    Total lone-parent families by sex of parent and number of children 1285
    Female parent 1045
    1 child 640
    2 children 295
    3 or more children 115
    Male parent 240
    1 child 160
    2 children 60
    3 or more children 15
    Total children in census families in private households 5650
    Under six years of age 1395
    6 to 14 years 2105
    15 to 17 years 840
    18 to 24 years 885
    25 years and over 420
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 23580
    Number of persons not in census families 5340
    Living with relatives 430
    Living with non-relatives only 1405
    Living alone 3505
    Number of census family persons 18235
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 4865
    Number of persons not in census families aged 65 years and over 1620
    Living with relatives 120
    Living with non-relatives only 130
    Living alone 1365
    Number of census family persons aged 65 years and over 3245
    Total number of private households by household type 10890
    Census-family households 6835
    One-family-only households 6225
    Couple-family households 5225
    Without children 3290
    With children 1935
    Lone-parent-family households 1000
    Other family households 605
    One-family households with persons not in a census family 505
    Couple-family households 300
    Without children 150
    With children 150
    Lone-parent-family households 205
    Two-or-more-family households 105
    Non-census-family households 4055
    One-person households 3505
    Two-or-more-person households 555
    Total number of occupied private dwellings by structural type of dwelling 10890
    Single-detached house 5665
    Apartment, building that has five or more storeys 0
    Movable dwelling 335
    Other dwelling 4885
    Semi-detached house 1615
    Row house 780
    Apartment, duplex 305
    Apartment, building that has fewer than five storeys 2170
    Other single-attached house 15
    Total number of private households by household size 10890
    1 person 3505
    2 persons 4340
    3 persons 1485
    4 persons 1055
    5 persons 365
    6 or more persons 140
    Number of persons in private households 23580
    Average number of persons in private households 2.2
Census 2011

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