Real Estate Market Report for
Lorette, MB

Updated : Aug 2016
House
  • Median price $394,500
  • Monthly growth 1.52 %
  • Quarterly trend
  • Stock on market 0.74%
Apartment
  • Median price $189,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.42%
Lorette Home Price

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Lorette was Canada’s 793th most expensive suburb by listed median house price this month.

The median house price listed in Lorette this month is $394,500.

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.

From our data, it appears that neighbourhood is number 1055th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.

As one of Manitoba’s many potential real estate investment neighbourhoods, Lorette 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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lorette have dried up which would tend to indicate that demand is higher than the supply of new properties.

Across the country as a whole, Lorette is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

With Lorette’s median house price at $189,900 in Aug , it is about average compared to the rest of Manitoba.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

Across Manitoba Lorette has the 6th most properties on offer with 25.

Can we guarantee how well Lorette 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.

In Lorette, 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 $354,950 $189,900
3 bedrooms $371,000
4 bedrooms $429,900
5 bedrooms $379,900
Demographics
  • Population in 201110284
  • Population in 20069083
  • 2006 to 2011 population change (%)13.2
  • Total private dwellings3358
  • Private dwellings occupied by usual residents3285
  • Population density per square kilometre17.7
  • Land area (square km)581.52
  • Age Characteristics
    Total population by age groups 10285
    0 to 4 years 815
    5 to 9 years 865
    10 to 14 years 880
    15 to 19 years 900
    15 years 185
    16 years 200
    17 years 180
    18 years 170
    19 years 165
    20 to 24 years 595
    25 to 29 years 505
    30 to 34 years 690
    35 to 39 years 775
    40 to 44 years 770
    45 to 49 years 895
    50 to 54 years 795
    55 to 59 years 645
    60 to 64 years 490
    65 to 69 years 300
    70 to 74 years 170
    75 to 79 years 100
    80 to 84 years 55
    85 years and over 40
    Median age of the population 34.3
    % of the population aged 15 and over 75.1
  • Marital Status
    Total population 15 years and over by marital status 7720
    Married or living with a common-law partner 5310
    Married (and not separated) 4795
    Living common-law 520
    Not married and not living with a common-law partner 2410
    Single (never legally married) 1865
    Separated 130
    Divorced 225
    Widowed 180
    Family Characteristics
    Total number of census families in private households 2895
    Size of census family: 2 persons 1095
    Size of census family: 3 persons 605
    Size of census family: 4 persons 735
    Size of census family: 5 or more persons 455
    Total number of census families in private households 2890
    Total couple families by family structure and number of children 2635
    Married couples 2380
    Without children at home 830
    With children at home 1550
    1 child 455
    2 children 670
    3 or more children 425
    Common-law couples 260
    Without children at home 130
    With children at home 135
    1 child 65
    2 children 40
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 255
    Female parent 180
    1 child 90
    2 children 65
    3 or more children 30
    Male parent 75
    1 child 45
    2 children 25
    3 or more children 5
    Total children in census families in private households 3985
    Under six years of age 955
    6 to 14 years 1510
    15 to 17 years 545
    18 to 24 years 765
    25 years and over 210
    Average number of children at home per census family 1.4
  • Household And Dwelling Characteristics
    Total number of persons in private households 10255
    Number of persons not in census families 740
    Living with relatives 210
    Living with non-relatives only 145
    Living alone 390
    Number of census family persons 9510
    Average number of persons per census family 3.3
    Total number of persons 65 years and over in private households 650
    Number of persons not in census families aged 65 years and over 150
    Living with relatives 25
    Living with non-relatives only 10
    Living alone 125
    Number of census family persons aged 65 years and over 500
    Total number of private households by household type 3285
    Census-family households 2825
    One-family-only households 2635
    Couple-family households 2440
    Without children 885
    With children 1555
    Lone-parent-family households 195
    Other family households 190
    One-family households with persons not in a census family 135
    Couple-family households 110
    Without children 25
    With children 85
    Lone-parent-family households 25
    Two-or-more-family households 60
    Non-census-family households 455
    One-person households 390
    Two-or-more-person households 65
    Total number of occupied private dwellings by structural type of dwelling 3285
    Single-detached house 3055
    Apartment, building that has five or more storeys 0
    Movable dwelling 90
    Other dwelling 140
    Semi-detached house 15
    Row house 25
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 85
    Other single-attached house 10
    Total number of private households by household size 3285
    1 person 390
    2 persons 1030
    3 persons 590
    4 persons 735
    5 persons 330
    6 or more persons 205
    Number of persons in private households 10250
    Average number of persons in private households 3.1
Census 2011

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