Real Estate Market Report for
Merville, BC

Updated : Aug 2016
House
  • Median price $749,000
  • Monthly growth 15.41 %
  • Quarterly trend
  • Stock on market 0.13%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Merville Home Price

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Canada’s national median home listing price this month is $290,900, which means that Merville is in the top 20% for Canada.

While the median for British Columbia is $519,000 , which means that Merville’s median price is $749,000 considerably better than the rest of the province.

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.

There are 359 neighbourhoods that have more properties on sale than Merville at the moment in British Columbia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

It’s never an exact art, but to try to forecast how property is going to appreciate in Merville for investors, it’s important to look at data like:

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

British Columbia 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.

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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $769,000
4 bedrooms $497,450
Demographics
  • Population in 20118325
  • Population in 20068099
  • 2006 to 2011 population change (%)2.8
  • Total private dwellings3854
  • Private dwellings occupied by usual residents3373
  • Population density per square kilometre7.7
  • Land area (square km)1074.61
  • Age Characteristics
    Total population by age groups 8325
    0 to 4 years 360
    5 to 9 years 380
    10 to 14 years 475
    15 to 19 years 580
    15 years 120
    16 years 110
    17 years 110
    18 years 135
    19 years 105
    20 to 24 years 355
    25 to 29 years 305
    30 to 34 years 355
    35 to 39 years 410
    40 to 44 years 510
    45 to 49 years 760
    50 to 54 years 920
    55 to 59 years 920
    60 to 64 years 735
    65 to 69 years 520
    70 to 74 years 335
    75 to 79 years 240
    80 to 84 years 105
    85 years and over 70
    Median age of the population 48.1
    % of the population aged 15 and over 85.4
  • Marital Status
    Total population 15 years and over by marital status 7110
    Married or living with a common-law partner 4745
    Married (and not separated) 3930
    Living common-law 810
    Not married and not living with a common-law partner 2370
    Single (never legally married) 1475
    Separated 195
    Divorced 415
    Widowed 280
    Family Characteristics
    Total number of census families in private households 2635
    Size of census family: 2 persons 1580
    Size of census family: 3 persons 495
    Size of census family: 4 persons 390
    Size of census family: 5 or more persons 175
    Total number of census families in private households 2635
    Total couple families by family structure and number of children 2340
    Married couples 1935
    Without children at home 1135
    With children at home 800
    1 child 345
    2 children 315
    3 or more children 145
    Common-law couples 405
    Without children at home 250
    With children at home 160
    1 child 80
    2 children 60
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 300
    Female parent 185
    1 child 125
    2 children 40
    3 or more children 20
    Male parent 110
    1 child 75
    2 children 35
    3 or more children 5
    Total children in census families in private households 2190
    Under six years of age 415
    6 to 14 years 785
    15 to 17 years 325
    18 to 24 years 475
    25 years and over 190
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 8270
    Number of persons not in census families 1110
    Living with relatives 125
    Living with non-relatives only 280
    Living alone 700
    Number of census family persons 7165
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 1260
    Number of persons not in census families aged 65 years and over 315
    Living with relatives 55
    Living with non-relatives only 30
    Living alone 230
    Number of census family persons aged 65 years and over 950
    Total number of private households by household type 3370
    Census-family households 2570
    One-family-only households 2365
    Couple-family households 2155
    Without children 1270
    With children 880
    Lone-parent-family households 215
    Other family households 205
    One-family households with persons not in a census family 145
    Couple-family households 95
    Without children 45
    With children 50
    Lone-parent-family households 50
    Two-or-more-family households 60
    Non-census-family households 800
    One-person households 700
    Two-or-more-person households 100
    Total number of occupied private dwellings by structural type of dwelling 3370
    Single-detached house 3045
    Apartment, building that has five or more storeys 0
    Movable dwelling 245
    Other dwelling 85
    Semi-detached house 20
    Row house 5
    Apartment, duplex 40
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 5
    Total number of private households by household size 3375
    1 person 700
    2 persons 1490
    3 persons 525
    4 persons 430
    5 persons 140
    6 or more persons 90
    Number of persons in private households 8270
    Average number of persons in private households 2.5
Census 2011

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