Real Estate Market Report for
Cumberland, BC

Updated : Aug 2016
House
  • Median price $389,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 1.51%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Cumberland Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Cumberland is number 814 putting it ahead of most neighbourhoods .

When our research team crunched the numbers we calculated that Cumberland has a median home price of $389,900.

British Columbia has the third most amount of properties available to property investors, with Cumberland having 145th most in the province, out of a total of 359.

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

If you are looking at investment properties in Cumberland, 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.

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

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 Cumberland have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $239,500
3 bedrooms $379,900
4 bedrooms $479,900
Demographics
  • Population in 20113398
  • Population in 20062762
  • 2006 to 2011 population change (%)23
  • Total private dwellings1455
  • Private dwellings occupied by usual residents1404
  • Population density per square kilometre117.2
  • Land area (square km)29
  • Age Characteristics
    Total population by age groups 3395
    0 to 4 years 245
    5 to 9 years 220
    10 to 14 years 185
    15 to 19 years 185
    15 years 40
    16 years 40
    17 years 35
    18 years 30
    19 years 45
    20 to 24 years 165
    25 to 29 years 215
    30 to 34 years 290
    35 to 39 years 280
    40 to 44 years 205
    45 to 49 years 230
    50 to 54 years 260
    55 to 59 years 245
    60 to 64 years 215
    65 to 69 years 165
    70 to 74 years 90
    75 to 79 years 60
    80 to 84 years 80
    85 years and over 60
    Median age of the population 38.2
    % of the population aged 15 and over 81
  • Marital Status
    Total population 15 years and over by marital status 2750
    Married or living with a common-law partner 1580
    Married (and not separated) 1095
    Living common-law 485
    Not married and not living with a common-law partner 1170
    Single (never legally married) 670
    Separated 115
    Divorced 260
    Widowed 130
    Family Characteristics
    Total number of census families in private households 965
    Size of census family: 2 persons 525
    Size of census family: 3 persons 220
    Size of census family: 4 persons 155
    Size of census family: 5 or more persons 65
    Total number of census families in private households 970
    Total couple families by family structure and number of children 765
    Married couples 525
    Without children at home 270
    With children at home 255
    1 child 105
    2 children 105
    3 or more children 45
    Common-law couples 240
    Without children at home 125
    With children at home 110
    1 child 60
    2 children 35
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 200
    Female parent 150
    1 child 90
    2 children 45
    3 or more children 15
    Male parent 50
    1 child 35
    2 children 10
    3 or more children 0
    Total children in census families in private households 950
    Under six years of age 290
    6 to 14 years 355
    15 to 17 years 110
    18 to 24 years 130
    25 years and over 65
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 3330
    Number of persons not in census families 650
    Living with relatives 55
    Living with non-relatives only 230
    Living alone 370
    Number of census family persons 2685
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 390
    Number of persons not in census families aged 65 years and over 155
    Living with relatives 20
    Living with non-relatives only 20
    Living alone 115
    Number of census family persons aged 65 years and over 235
    Total number of private households by household type 1405
    Census-family households 950
    One-family-only households 855
    Couple-family households 700
    Without children 360
    With children 335
    Lone-parent-family households 160
    Other family households 90
    One-family households with persons not in a census family 70
    Couple-family households 45
    Without children 25
    With children 20
    Lone-parent-family households 25
    Two-or-more-family households 15
    Non-census-family households 455
    One-person households 370
    Two-or-more-person households 85
    Total number of occupied private dwellings by structural type of dwelling 1405
    Single-detached house 1090
    Apartment, building that has five or more storeys 0
    Movable dwelling 95
    Other dwelling 215
    Semi-detached house 35
    Row house 50
    Apartment, duplex 70
    Apartment, building that has fewer than five storeys 55
    Other single-attached house 5
    Total number of private households by household size 1400
    1 person 370
    2 persons 535
    3 persons 235
    4 persons 180
    5 persons 65
    6 or more persons 25
    Number of persons in private households 3335
    Average number of persons in private households 2.4
Census 2011

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