Real Estate Market Report for
Midway, BC

Updated : Aug 2016
House
  • Median price $262,000
  • Monthly growth -4.72 %
  • Quarterly trend
  • Stock on market 5.93%
Apartment
  • Median price $323,000
  • Monthly growth 29.71 %
  • Quarterly trend
  • Stock on market 0.59%
Midway Home Price

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When our research team crunched the numbers we calculated that Midway has a median home price of $262,000.

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

British Columbia has the third most amount of properties available to property investors, with Midway having 154th most in the province, out of a total of 359.

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

If you are looking at investment properties in Midway, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.

The median asking price in Midway is $323,000, a substantial increase over the median three months ago which was $249,000 .

In Aug the median listed house price of $323,000 in Midway was an above average compared to the rest of British Columbia.

This month we track 115th neighbourhoods in British Columbia, and Midway has the 115th most choice available for real estate investors.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Midway there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Beds Median price (House) Median price (Apartment)
2 bedrooms $279,000
3 bedrooms $262,000
4 bedrooms $298,473
5 bedrooms $206,000
Demographics
  • Population in 2011674
  • Population in 2006621
  • 2006 to 2011 population change (%)8.5
  • Total private dwellings337
  • Private dwellings occupied by usual residents306
  • Population density per square kilometre55
  • Land area (square km)12.24
  • Age Characteristics
    Total population by age groups 675
    0 to 4 years 20
    5 to 9 years 15
    10 to 14 years 30
    15 to 19 years 35
    15 years 10
    16 years 5
    17 years 10
    18 years 5
    19 years 5
    20 to 24 years 15
    25 to 29 years 10
    30 to 34 years 20
    35 to 39 years 25
    40 to 44 years 25
    45 to 49 years 30
    50 to 54 years 70
    55 to 59 years 60
    60 to 64 years 80
    65 to 69 years 75
    70 to 74 years 65
    75 to 79 years 35
    80 to 84 years 30
    85 years and over 30
    Median age of the population 58.3
    % of the population aged 15 and over 89.1
  • Marital Status
    Total population 15 years and over by marital status 605
    Married or living with a common-law partner 380
    Married (and not separated) 335
    Living common-law 45
    Not married and not living with a common-law partner 230
    Single (never legally married) 100
    Separated 20
    Divorced 40
    Widowed 65
    Family Characteristics
    Total number of census families in private households 200
    Size of census family: 2 persons 150
    Size of census family: 3 persons 15
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 5
    Total number of census families in private households 205
    Total couple families by family structure and number of children 180
    Married couples 160
    Without children at home 125
    With children at home 35
    1 child 15
    2 children 20
    3 or more children 5
    Common-law couples 20
    Without children at home 10
    With children at home 5
    1 child 0
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 15
    1 child 10
    2 children 0
    3 or more children 5
    Male parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 125
    Under six years of age 20
    6 to 14 years 45
    15 to 17 years 30
    18 to 24 years 15
    25 years and over 15
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 630
    Number of persons not in census families 125
    Living with relatives 10
    Living with non-relatives only 20
    Living alone 100
    Number of census family persons 510
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 205
    Number of persons not in census families aged 65 years and over 55
    Living with relatives 10
    Living with non-relatives only 0
    Living alone 50
    Number of census family persons aged 65 years and over 145
    Total number of private households by household type 305
    Census-family households 200
    One-family-only households 195
    Couple-family households 175
    Without children 135
    With children 40
    Lone-parent-family households 20
    Other family households 10
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 0
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 105
    One-person households 95
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 310
    Single-detached house 255
    Apartment, building that has five or more storeys 0
    Movable dwelling 35
    Other dwelling 15
    Semi-detached house 0
    Row house 10
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 305
    1 person 100
    2 persons 150
    3 persons 25
    4 persons 30
    5 persons 5
    6 or more persons 5
    Number of persons in private households 630
    Average number of persons in private households 2
Census 2011

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