Real Estate Market Report for
Duncan, BC

Updated : Aug 2016
House
  • Median price $391,200
  • Monthly growth -0.63 %
  • Quarterly trend
  • Stock on market 5.84%
Apartment
  • Median price $284,500
  • Monthly growth 5.76 %
  • Quarterly trend
  • Stock on market 2.17%
Duncan Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

In Aug the median listed house price of $391,200 in Duncan was a below average compared to the rest of British Columbia.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

There are 359 neighbourhoods that have more properties on sale than Duncan at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

While the median for British Columbia is $349,000 , which means that Duncan’s median price is $284,500 better than average than the rest of the province.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Duncan has more than the average number to choose from compared to the rest of the province

Can we guarantee how well Duncan 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.

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 Duncan have dried up which would tend to indicate that demand is higher than the supply of new properties.

Beds Median price (House) Median price (Apartment)
1 bedroom $369,900 $244,500
2 bedrooms $347,900 $313,700
3 bedrooms $419,900 $289,900
4 bedrooms $425,000
5 bedrooms $478,000
6 bedrooms $524,450
Demographics
  • Population in 20114932
  • Population in 20064986
  • 2006 to 2011 population change (%)-1.1
  • Total private dwellings2533
  • Private dwellings occupied by usual residents2384
  • Population density per square kilometre2381.7
  • Land area (square km)2.07
  • Age Characteristics
    Total population by age groups 4930
    0 to 4 years 215
    5 to 9 years 200
    10 to 14 years 195
    15 to 19 years 230
    15 years 45
    16 years 60
    17 years 50
    18 years 45
    19 years 40
    20 to 24 years 190
    25 to 29 years 255
    30 to 34 years 225
    35 to 39 years 195
    40 to 44 years 275
    45 to 49 years 325
    50 to 54 years 335
    55 to 59 years 340
    60 to 64 years 320
    65 to 69 years 265
    70 to 74 years 245
    75 to 79 years 260
    80 to 84 years 310
    85 years and over 545
    Median age of the population 52.3
    % of the population aged 15 and over 87.8
  • Marital Status
    Total population 15 years and over by marital status 4325
    Married or living with a common-law partner 1890
    Married (and not separated) 1490
    Living common-law 395
    Not married and not living with a common-law partner 2435
    Single (never legally married) 1020
    Separated 185
    Divorced 535
    Widowed 695
    Family Characteristics
    Total number of census families in private households 1145
    Size of census family: 2 persons 710
    Size of census family: 3 persons 210
    Size of census family: 4 persons 155
    Size of census family: 5 or more persons 65
    Total number of census families in private households 1145
    Total couple families by family structure and number of children 865
    Married couples 670
    Without children at home 420
    With children at home 250
    1 child 115
    2 children 100
    3 or more children 40
    Common-law couples 195
    Without children at home 110
    With children at home 85
    1 child 35
    2 children 30
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 280
    Female parent 220
    1 child 135
    2 children 60
    3 or more children 25
    Male parent 55
    1 child 50
    2 children 5
    3 or more children 5
    Total children in census families in private households 1000
    Under six years of age 250
    6 to 14 years 350
    15 to 17 years 140
    18 to 24 years 140
    25 years and over 115
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 4460
    Number of persons not in census families 1450
    Living with relatives 75
    Living with non-relatives only 240
    Living alone 1140
    Number of census family persons 3005
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 1215
    Number of persons not in census families aged 65 years and over 630
    Living with relatives 25
    Living with non-relatives only 25
    Living alone 580
    Number of census family persons aged 65 years and over 585
    Total number of private households by household type 2385
    Census-family households 1130
    One-family-only households 1060
    Couple-family households 825
    Without children 505
    With children 320
    Lone-parent-family households 235
    Other family households 75
    One-family households with persons not in a census family 65
    Couple-family households 35
    Without children 20
    With children 10
    Lone-parent-family households 30
    Two-or-more-family households 5
    Non-census-family households 1250
    One-person households 1135
    Two-or-more-person households 110
    Total number of occupied private dwellings by structural type of dwelling 2385
    Single-detached house 1045
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 1340
    Semi-detached house 95
    Row house 160
    Apartment, duplex 20
    Apartment, building that has fewer than five storeys 1015
    Other single-attached house 40
    Total number of private households by household size 2385
    1 person 1135
    2 persons 760
    3 persons 245
    4 persons 160
    5 persons 60
    6 or more persons 15
    Number of persons in private households 4460
    Average number of persons in private households 1.9
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?