Real Estate Market Report for
Kitimat, BC

Updated : Aug 2016
House
  • Median price $259,495
  • Monthly growth -0.17 %
  • Quarterly trend
  • Stock on market 2.62%
Apartment
  • Median price $199,990
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.49%
Kitimat 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 $259,495, Kitimat is Canada’s 1964th most expensive when ordered by median listing price.

With Kitimat’s median house price at $259,495 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.

Investors looking for properties in Kitimat are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

British Columbia has the third most amount of properties available to property investors, with Kitimat having 43th most in the province, out of a total of 359.

Can we guarantee how well Kitimat 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 Kitimat, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 112, this month we show 112.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Kitimat is number 561 putting it in the bottom half of the country .

Want a cheaply priced house? Then at $199,990 this month, Kitimat, British Columbia is somewhere that you should look at price wise.

British Columbia has the third most amount of properties available to property investors, with Kitimat having 58th most in the province, out of a total of 124.

As one of British Columbia’s many potential real estate investment neighbourhoods, Kitimat 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.

In Kitimat, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Beds Median price (House) Median price (Apartment)
2 bedrooms $247,400 $276,400
3 bedrooms $229,800 $159,900
4 bedrooms $325,000
5 bedrooms $346,400 $499,700
Demographics
  • Population in 20118335
  • Population in 20068987
  • 2006 to 2011 population change (%)-7.3
  • Total private dwellings4280
  • Private dwellings occupied by usual residents3630
  • Population density per square kilometre34.7
  • Land area (square km)240.01
  • Age Characteristics
    Total population by age groups 8335
    0 to 4 years 395
    5 to 9 years 450
    10 to 14 years 550
    15 to 19 years 585
    15 years 125
    16 years 120
    17 years 120
    18 years 100
    19 years 125
    20 to 24 years 415
    25 to 29 years 375
    30 to 34 years 425
    35 to 39 years 470
    40 to 44 years 570
    45 to 49 years 755
    50 to 54 years 875
    55 to 59 years 760
    60 to 64 years 605
    65 to 69 years 380
    70 to 74 years 300
    75 to 79 years 225
    80 to 84 years 130
    85 years and over 80
    Median age of the population 44.4
    % of the population aged 15 and over 83.3
  • Marital Status
    Total population 15 years and over by marital status 6940
    Married or living with a common-law partner 4385
    Married (and not separated) 3620
    Living common-law 760
    Not married and not living with a common-law partner 2555
    Single (never legally married) 1595
    Separated 220
    Divorced 380
    Widowed 360
    Family Characteristics
    Total number of census families in private households 2535
    Size of census family: 2 persons 1415
    Size of census family: 3 persons 520
    Size of census family: 4 persons 425
    Size of census family: 5 or more persons 170
    Total number of census families in private households 2535
    Total couple families by family structure and number of children 2145
    Married couples 1765
    Without children at home 980
    With children at home 785
    1 child 325
    2 children 330
    3 or more children 130
    Common-law couples 380
    Without children at home 205
    With children at home 175
    1 child 80
    2 children 65
    3 or more children 40
    Total lone-parent families by sex of parent and number of children 390
    Female parent 270
    1 child 150
    2 children 85
    3 or more children 35
    Male parent 120
    1 child 85
    2 children 30
    3 or more children 10
    Total children in census families in private households 2315
    Under six years of age 490
    6 to 14 years 900
    15 to 17 years 350
    18 to 24 years 415
    25 years and over 160
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 8290
    Number of persons not in census families 1300
    Living with relatives 105
    Living with non-relatives only 135
    Living alone 1055
    Number of census family persons 6995
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 1080
    Number of persons not in census families aged 65 years and over 340
    Living with relatives 30
    Living with non-relatives only 10
    Living alone 300
    Number of census family persons aged 65 years and over 740
    Total number of private households by household type 3630
    Census-family households 2505
    One-family-only households 2390
    Couple-family households 2050
    Without children 1135
    With children 920
    Lone-parent-family households 335
    Other family households 120
    One-family households with persons not in a census family 90
    Couple-family households 60
    Without children 35
    With children 30
    Lone-parent-family households 30
    Two-or-more-family households 25
    Non-census-family households 1120
    One-person households 1060
    Two-or-more-person households 60
    Total number of occupied private dwellings by structural type of dwelling 3630
    Single-detached house 2300
    Apartment, building that has five or more storeys 0
    Movable dwelling 105
    Other dwelling 1225
    Semi-detached house 420
    Row house 335
    Apartment, duplex 50
    Apartment, building that has fewer than five storeys 420
    Other single-attached house 0
    Total number of private households by household size 3630
    1 person 1060
    2 persons 1390
    3 persons 540
    4 persons 450
    5 persons 150
    6 or more persons 50
    Number of persons in private households 8290
    Average number of persons in private households 2.3
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?