Real Estate Market Report for
Lake Cowichan, BC

Updated : Aug 2016
House
  • Median price $269,900
  • Monthly growth -3.07 %
  • Quarterly trend
  • Stock on market 3.91%
Apartment
  • Median price $259,000
  • Monthly growth 32.88 %
  • Quarterly trend
  • Stock on market 0.41%
Lake Cowichan Home Price

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Lake Cowichan, British Columbia has a median house price of $269,900 when compiling all the home listings in Aug .

Investors looking for properties in Lake Cowichan are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.

This month we track 87th neighbourhoods in British Columbia, and Lake Cowichan has the 87th most choice available for real estate investors.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lake Cowichan there is more stock than three months ago. This would indicate pressure on prices easing.

Across the country as a whole, Lake Cowichan is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

When our research team crunched the numbers we calculated that Lake Cowichan has a median home price of $259,000.

According to our stats, Lake Cowichan is the neighbourhood that has the 84th most properties available to real estate investors in British Columbia.

Can we guarantee how well Lake Cowichan 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 Lake Cowichan, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 6.

Beds Median price (House) Median price (Apartment)
1 bedroom $267,200 $259,000
2 bedrooms $242,400
3 bedrooms $349,450
4 bedrooms $271,450
5 bedrooms $359,000
Demographics
  • Population in 20112974
  • Population in 20063012
  • 2006 to 2011 population change (%)-1.3
  • Total private dwellings1458
  • Private dwellings occupied by usual residents1324
  • Population density per square kilometre369.6
  • Land area (square km)8.05
  • Age Characteristics
    Total population by age groups 2970
    0 to 4 years 135
    5 to 9 years 145
    10 to 14 years 180
    15 to 19 years 200
    15 years 40
    16 years 45
    17 years 45
    18 years 35
    19 years 45
    20 to 24 years 140
    25 to 29 years 115
    30 to 34 years 180
    35 to 39 years 170
    40 to 44 years 175
    45 to 49 years 205
    50 to 54 years 265
    55 to 59 years 255
    60 to 64 years 260
    65 to 69 years 190
    70 to 74 years 135
    75 to 79 years 85
    80 to 84 years 75
    85 years and over 55
    Median age of the population 46.5
    % of the population aged 15 and over 84.3
  • Marital Status
    Total population 15 years and over by marital status 2515
    Married or living with a common-law partner 1475
    Married (and not separated) 1180
    Living common-law 300
    Not married and not living with a common-law partner 1035
    Single (never legally married) 580
    Separated 80
    Divorced 195
    Widowed 180
    Family Characteristics
    Total number of census families in private households 895
    Size of census family: 2 persons 540
    Size of census family: 3 persons 175
    Size of census family: 4 persons 130
    Size of census family: 5 or more persons 50
    Total number of census families in private households 895
    Total couple families by family structure and number of children 735
    Married couples 585
    Without children at home 365
    With children at home 225
    1 child 95
    2 children 95
    3 or more children 40
    Common-law couples 150
    Without children at home 85
    With children at home 60
    1 child 30
    2 children 20
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 160
    Female parent 130
    1 child 65
    2 children 45
    3 or more children 15
    Male parent 35
    1 child 25
    2 children 10
    3 or more children 5
    Total children in census families in private households 765
    Under six years of age 160
    6 to 14 years 295
    15 to 17 years 115
    18 to 24 years 125
    25 years and over 65
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 2965
    Number of persons not in census families 575
    Living with relatives 60
    Living with non-relatives only 125
    Living alone 390
    Number of census family persons 2390
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 540
    Number of persons not in census families aged 65 years and over 190
    Living with relatives 15
    Living with non-relatives only 20
    Living alone 155
    Number of census family persons aged 65 years and over 345
    Total number of private households by household type 1325
    Census-family households 880
    One-family-only households 805
    Couple-family households 680
    Without children 425
    With children 260
    Lone-parent-family households 125
    Other family households 75
    One-family households with persons not in a census family 65
    Couple-family households 40
    Without children 20
    With children 25
    Lone-parent-family households 25
    Two-or-more-family households 10
    Non-census-family households 445
    One-person households 390
    Two-or-more-person households 55
    Total number of occupied private dwellings by structural type of dwelling 1325
    Single-detached house 1025
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 295
    Semi-detached house 30
    Row house 80
    Apartment, duplex 55
    Apartment, building that has fewer than five storeys 125
    Other single-attached house 5
    Total number of private households by household size 1325
    1 person 390
    2 persons 540
    3 persons 185
    4 persons 135
    5 persons 50
    6 or more persons 25
    Number of persons in private households 2965
    Average number of persons in private households 2.2
Census 2011

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