Real Estate Market Report for
Hanover, ON

Updated : Aug 2016
House
  • Median price $249,900
  • Monthly growth 74.20 %
  • Quarterly trend
  • Stock on market 1.04%
Apartment
  • Median price $187,400
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.06%
Hanover Home Price

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With a median listing price of $249,900, Hanover is Canada’s 2058th most expensive when ordered by median listing price.

Hanover, Ontario has a median house price of $249,900 when compiling all the home listings in Aug .

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

As one of Ontario’s many potential real estate investment neighbourhoods, Hanover needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Hanover, 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.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Hanover is number 654 putting it in the bottom half of the country .

With Hanover’s median house price at $187,400 in Aug , it is below average compared to the rest of Ontario.

Ontario has the second most amount of properties available to property investors, with Hanover having 149th most in the province, out of a total of 196.

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

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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $152,900
3 bedrooms $259,900
4 bedrooms $259,900
Demographics
  • Population in 20117490
  • Population in 20067147
  • 2006 to 2011 population change (%)4.8
  • Total private dwellings3353
  • Private dwellings occupied by usual residents3163
  • Population density per square kilometre763.8
  • Land area (square km)9.81
  • Age Characteristics
    Total population by age groups 7490
    0 to 4 years 380
    5 to 9 years 395
    10 to 14 years 385
    15 to 19 years 405
    15 years 70
    16 years 90
    17 years 90
    18 years 70
    19 years 85
    20 to 24 years 395
    25 to 29 years 430
    30 to 34 years 365
    35 to 39 years 395
    40 to 44 years 435
    45 to 49 years 475
    50 to 54 years 575
    55 to 59 years 520
    60 to 64 years 505
    65 to 69 years 395
    70 to 74 years 380
    75 to 79 years 360
    80 to 84 years 340
    85 years and over 355
    Median age of the population 46.7
    % of the population aged 15 and over 84.5
  • Marital Status
    Total population 15 years and over by marital status 6330
    Married or living with a common-law partner 3720
    Married (and not separated) 3145
    Living common-law 570
    Not married and not living with a common-law partner 2605
    Single (never legally married) 1330
    Separated 190
    Divorced 375
    Widowed 715
    Family Characteristics
    Total number of census families in private households 2110
    Size of census family: 2 persons 1215
    Size of census family: 3 persons 370
    Size of census family: 4 persons 385
    Size of census family: 5 or more persons 145
    Total number of census families in private households 2105
    Total couple families by family structure and number of children 1790
    Married couples 1510
    Without children at home 860
    With children at home 650
    1 child 225
    2 children 305
    3 or more children 115
    Common-law couples 285
    Without children at home 160
    With children at home 130
    1 child 60
    2 children 45
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 315
    Female parent 250
    1 child 160
    2 children 65
    3 or more children 30
    Male parent 60
    1 child 40
    2 children 20
    3 or more children 5
    Total children in census families in private households 1915
    Under six years of age 460
    6 to 14 years 695
    15 to 17 years 250
    18 to 24 years 345
    25 years and over 165
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 7110
    Number of persons not in census families 1295
    Living with relatives 120
    Living with non-relatives only 175
    Living alone 1000
    Number of census family persons 5815
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 1480
    Number of persons not in census families aged 65 years and over 545
    Living with relatives 40
    Living with non-relatives only 20
    Living alone 485
    Number of census family persons aged 65 years and over 940
    Total number of private households by household type 3165
    Census-family households 2070
    One-family-only households 1955
    Couple-family households 1705
    Without children 970
    With children 735
    Lone-parent-family households 250
    Other family households 120
    One-family households with persons not in a census family 85
    Couple-family households 45
    Without children 20
    With children 25
    Lone-parent-family households 40
    Two-or-more-family households 35
    Non-census-family households 1090
    One-person households 1000
    Two-or-more-person households 90
    Total number of occupied private dwellings by structural type of dwelling 3160
    Single-detached house 2090
    Apartment, building that has five or more storeys 130
    Movable dwelling 0
    Other dwelling 940
    Semi-detached house 70
    Row house 215
    Apartment, duplex 120
    Apartment, building that has fewer than five storeys 530
    Other single-attached house 5
    Total number of private households by household size 3160
    1 person 1000
    2 persons 1210
    3 persons 365
    4 persons 415
    5 persons 125
    6 or more persons 45
    Number of persons in private households 7110
    Average number of persons in private households 2.2
Census 2011

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