Real Estate Market Report for
Hanover, MB

Updated : Aug 2016
House
  • Median price $329,900
  • Monthly growth 4.26 %
  • Quarterly trend
  • Stock on market 0.07%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Hanover Home Price

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With a median listing price of $329,900, Hanover is Canada’s 1169th most expensive when ordered by median listing price.

With Hanover’s median house price at $329,900 in Aug , it is high priced compared to the rest of Manitoba.

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

There are 250 neighbourhoods that have more properties on sale than Hanover at the moment in Manitoba which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

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

Manitoba has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Hanover there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
3 bedrooms $339,400
4 bedrooms $297,400
Demographics
  • Population in 201114026
  • Population in 200611871
  • 2006 to 2011 population change (%)18.2
  • Total private dwellings4033
  • Private dwellings occupied by usual residents3950
  • Population density per square kilometre18.9
  • Land area (square km)740.31
  • Age Characteristics
    Total population by age groups 14025
    0 to 4 years 1295
    5 to 9 years 1415
    10 to 14 years 1590
    15 to 19 years 1480
    15 years 315
    16 years 305
    17 years 315
    18 years 265
    19 years 280
    20 to 24 years 905
    25 to 29 years 800
    30 to 34 years 890
    35 to 39 years 915
    40 to 44 years 920
    45 to 49 years 935
    50 to 54 years 825
    55 to 59 years 610
    60 to 64 years 450
    65 to 69 years 375
    70 to 74 years 230
    75 to 79 years 170
    80 to 84 years 100
    85 years and over 105
    Median age of the population 27
    % of the population aged 15 and over 69.3
  • Marital Status
    Total population 15 years and over by marital status 9725
    Married or living with a common-law partner 6650
    Married (and not separated) 6330
    Living common-law 320
    Not married and not living with a common-law partner 3075
    Single (never legally married) 2570
    Separated 115
    Divorced 170
    Widowed 215
    Family Characteristics
    Total number of census families in private households 3515
    Size of census family: 2 persons 1190
    Size of census family: 3 persons 600
    Size of census family: 4 persons 735
    Size of census family: 5 or more persons 980
    Total number of census families in private households 3515
    Total couple families by family structure and number of children 3295
    Married couples 3140
    Without children at home 1020
    With children at home 2120
    1 child 490
    2 children 680
    3 or more children 950
    Common-law couples 160
    Without children at home 80
    With children at home 80
    1 child 40
    2 children 25
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 215
    Female parent 160
    1 child 65
    2 children 60
    3 or more children 35
    Male parent 50
    1 child 30
    2 children 15
    3 or more children 10
    Total children in census families in private households 6250
    Under six years of age 1510
    6 to 14 years 2645
    15 to 17 years 900
    18 to 24 years 970
    25 years and over 215
    Average number of children at home per census family 1.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 13935
    Number of persons not in census families 880
    Living with relatives 310
    Living with non-relatives only 150
    Living alone 420
    Number of census family persons 13055
    Average number of persons per census family 3.7
    Total number of persons 65 years and over in private households 905
    Number of persons not in census families aged 65 years and over 160
    Living with relatives 25
    Living with non-relatives only 10
    Living alone 125
    Number of census family persons aged 65 years and over 745
    Total number of private households by household type 3950
    Census-family households 3470
    One-family-only households 3245
    Couple-family households 3075
    Without children 1025
    With children 2055
    Lone-parent-family households 165
    Other family households 225
    One-family households with persons not in a census family 180
    Couple-family households 155
    Without children 45
    With children 110
    Lone-parent-family households 25
    Two-or-more-family households 45
    Non-census-family households 485
    One-person households 415
    Two-or-more-person households 65
    Total number of occupied private dwellings by structural type of dwelling 3950
    Single-detached house 3550
    Apartment, building that has five or more storeys 0
    Movable dwelling 80
    Other dwelling 325
    Semi-detached house 110
    Row house 115
    Apartment, duplex 20
    Apartment, building that has fewer than five storeys 70
    Other single-attached house 5
    Total number of private households by household size 3950
    1 person 415
    2 persons 1145
    3 persons 580
    4 persons 745
    5 persons 545
    6 or more persons 520
    Number of persons in private households 13935
    Average number of persons in private households 3.5
Census 2011

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