Real Estate Market Report for
Fernie, BC

Updated : Aug 2016
House
  • Median price $506,950
  • Monthly growth 46.96 %
  • Quarterly trend
  • Stock on market 3.30%
Apartment
  • Median price $199,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 3.13%
Fernie 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

With a median listing price of $506,950, Fernie is Canada’s 410th most expensive when ordered by median listing price.

While the median for British Columbia is $519,000 , which means that Fernie’s median price is $506,950 considerably better than the rest of the province.

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

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

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

The median asking price in Fernie is $199,900, pretty close to the median three months ago which was $204,900 .

The median house price listed in Fernie this month is $199,900.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

There are 124 neighbourhoods that have more properties on sale than Fernie at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

Can we guarantee how well Fernie 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.

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 Fernie, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 98, this month we show 89.

Beds Median price (House) Median price (Apartment)
1 bedroom $729,450 $199,900
2 bedrooms $339,000 $198,000
3 bedrooms $459,900 $279,000
4 bedrooms $629,450
5 bedrooms $694,450
6 bedrooms $854,900
Demographics
  • Population in 20114448
  • Population in 20064217
  • 2006 to 2011 population change (%)5.5
  • Total private dwellings2848
  • Private dwellings occupied by usual residents1988
  • Population density per square kilometre299.8
  • Land area (square km)14.83
  • Age Characteristics
    Total population by age groups 4445
    0 to 4 years 250
    5 to 9 years 215
    10 to 14 years 180
    15 to 19 years 235
    15 years 45
    16 years 45
    17 years 45
    18 years 50
    19 years 40
    20 to 24 years 265
    25 to 29 years 370
    30 to 34 years 370
    35 to 39 years 345
    40 to 44 years 315
    45 to 49 years 320
    50 to 54 years 415
    55 to 59 years 320
    60 to 64 years 295
    65 to 69 years 175
    70 to 74 years 115
    75 to 79 years 105
    80 to 84 years 80
    85 years and over 75
    Median age of the population 39.9
    % of the population aged 15 and over 85.6
  • Marital Status
    Total population 15 years and over by marital status 3800
    Married or living with a common-law partner 2295
    Married (and not separated) 1775
    Living common-law 515
    Not married and not living with a common-law partner 1515
    Single (never legally married) 960
    Separated 85
    Divorced 210
    Widowed 255
    Family Characteristics
    Total number of census families in private households 1275
    Size of census family: 2 persons 770
    Size of census family: 3 persons 245
    Size of census family: 4 persons 205
    Size of census family: 5 or more persons 65
    Total number of census families in private households 1275
    Total couple families by family structure and number of children 1135
    Married couples 875
    Without children at home 480
    With children at home 390
    1 child 165
    2 children 170
    3 or more children 55
    Common-law couples 260
    Without children at home 195
    With children at home 65
    1 child 30
    2 children 20
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 145
    Female parent 115
    1 child 70
    2 children 35
    3 or more children 10
    Male parent 30
    1 child 25
    2 children 10
    3 or more children 0
    Total children in census families in private households 995
    Under six years of age 290
    6 to 14 years 350
    15 to 17 years 135
    18 to 24 years 175
    25 years and over 50
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 4360
    Number of persons not in census families 950
    Living with relatives 65
    Living with non-relatives only 280
    Living alone 600
    Number of census family persons 3410
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 480
    Number of persons not in census families aged 65 years and over 210
    Living with relatives 10
    Living with non-relatives only 0
    Living alone 195
    Number of census family persons aged 65 years and over 270
    Total number of private households by household type 1985
    Census-family households 1270
    One-family-only households 1205
    Couple-family households 1075
    Without children 630
    With children 445
    Lone-parent-family households 130
    Other family households 65
    One-family households with persons not in a census family 60
    Couple-family households 45
    Without children 40
    With children 10
    Lone-parent-family households 15
    Two-or-more-family households 10
    Non-census-family households 720
    One-person households 605
    Two-or-more-person households 115
    Total number of occupied private dwellings by structural type of dwelling 1990
    Single-detached house 1290
    Apartment, building that has five or more storeys 0
    Movable dwelling 135
    Other dwelling 560
    Semi-detached house 45
    Row house 80
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 425
    Other single-attached house 0
    Total number of private households by household size 1990
    1 person 600
    2 persons 785
    3 persons 300
    4 persons 220
    5 persons 65
    6 or more persons 10
    Number of persons in private households 4360
    Average number of persons in private households 2.2
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?