Real Estate Market Report for
Grand Forks, BC

Updated : Aug 2016
House
  • Median price $278,900
  • Monthly growth 3.68 %
  • Quarterly trend
  • Stock on market 7.30%
Apartment
  • Median price $140,000
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.68%
Grand Forks Home Price

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With a median listing price of $278,900, Grand Forks is Canada’s 1734th most expensive when ordered by median listing price.

When our research team crunched the numbers we calculated that Grand Forks has a median home price of $278,900.

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

When we look at the data we have, it can help with trying to establish whether or not Grand Forks 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 Grand Forks, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 135, this month we show 140.

Across the country as a whole, Grand Forks is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

Grand Forks, British Columbia has a median house price of $140,000 when compiling all the home listings in Aug .

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.

This month we track 67th neighbourhoods in British Columbia, and Grand Forks has the 67th most choice available for real estate investors.

Can we guarantee how well Grand Forks 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 Grand Forks, 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.

Beds Median price (House) Median price (Apartment)
1 bedroom $150,000 $94,900
2 bedrooms $234,500 $136,500
3 bedrooms $269,450
4 bedrooms $289,900
5 bedrooms $319,900
Demographics
  • Population in 20113985
  • Population in 20064036
  • 2006 to 2011 population change (%)-1.3
  • Total private dwellings1918
  • Private dwellings occupied by usual residents1834
  • Population density per square kilometre382
  • Land area (square km)10.43
  • Age Characteristics
    Total population by age groups 3985
    0 to 4 years 170
    5 to 9 years 200
    10 to 14 years 180
    15 to 19 years 200
    15 years 45
    16 years 35
    17 years 45
    18 years 45
    19 years 30
    20 to 24 years 135
    25 to 29 years 140
    30 to 34 years 160
    35 to 39 years 165
    40 to 44 years 210
    45 to 49 years 285
    50 to 54 years 285
    55 to 59 years 340
    60 to 64 years 370
    65 to 69 years 325
    70 to 74 years 250
    75 to 79 years 235
    80 to 84 years 180
    85 years and over 160
    Median age of the population 52.3
    % of the population aged 15 and over 86.2
  • Marital Status
    Total population 15 years and over by marital status 3430
    Married or living with a common-law partner 1960
    Married (and not separated) 1620
    Living common-law 345
    Not married and not living with a common-law partner 1470
    Single (never legally married) 660
    Separated 150
    Divorced 305
    Widowed 355
    Family Characteristics
    Total number of census families in private households 1165
    Size of census family: 2 persons 770
    Size of census family: 3 persons 190
    Size of census family: 4 persons 140
    Size of census family: 5 or more persons 65
    Total number of census families in private households 1165
    Total couple families by family structure and number of children 945
    Married couples 780
    Without children at home 525
    With children at home 255
    1 child 100
    2 children 100
    3 or more children 50
    Common-law couples 170
    Without children at home 105
    With children at home 60
    1 child 25
    2 children 25
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 220
    Female parent 175
    1 child 110
    2 children 45
    3 or more children 20
    Male parent 45
    1 child 25
    2 children 15
    3 or more children 5
    Total children in census families in private households 910
    Under six years of age 200
    6 to 14 years 345
    15 to 17 years 115
    18 to 24 years 140
    25 years and over 105
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 3830
    Number of persons not in census families 810
    Living with relatives 65
    Living with non-relatives only 125
    Living alone 625
    Number of census family persons 3020
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 1030
    Number of persons not in census families aged 65 years and over 375
    Living with relatives 25
    Living with non-relatives only 20
    Living alone 335
    Number of census family persons aged 65 years and over 645
    Total number of private households by household type 1835
    Census-family households 1160
    One-family-only households 1090
    Couple-family households 905
    Without children 605
    With children 300
    Lone-parent-family households 185
    Other family households 70
    One-family households with persons not in a census family 65
    Couple-family households 40
    Without children 20
    With children 15
    Lone-parent-family households 25
    Two-or-more-family households 10
    Non-census-family households 675
    One-person households 620
    Two-or-more-person households 55
    Total number of occupied private dwellings by structural type of dwelling 1830
    Single-detached house 1385
    Apartment, building that has five or more storeys 0
    Movable dwelling 100
    Other dwelling 350
    Semi-detached house 45
    Row house 135
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 150
    Other single-attached house 10
    Total number of private households by household size 1835
    1 person 625
    2 persons 765
    3 persons 225
    4 persons 145
    5 persons 55
    6 or more persons 25
    Number of persons in private households 3830
    Average number of persons in private households 2.1
Census 2011

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