Real Estate Market Report for
Miramichi, NB

Updated : Aug 2016
House
  • Median price $149,900
  • Monthly growth 50.05 %
  • Quarterly trend
  • Stock on market 1.99%
Apartment
  • Median price $227,450
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.07%
Miramichi 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

In Aug the median listed house price of $149,900 in Miramichi was an above average compared to the rest of New Brunswick.

If you’re looking at investment properties in Miramichi, then you’re most likely to find homes with 3 bedrooms on sale this month.

Across New Brunswick Miramichi has the 6th most properties on offer with 421.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

When looking across the province, Miramichi is the 3rd most expensive in New Brunswick.

The median house price listed in Miramichi this month is $227,450.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Miramichi has more than the average number to choose from compared to the rest of the province

Will prices rise across the next year in in Miramichi? There are a number of real estate indicators to consider.

Over the last three months in Miramichi, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.

Beds Median price (House) Median price (Apartment)
2 bedrooms $127,400
3 bedrooms $149,900
4 bedrooms $112,400
5 bedrooms $209,900
Demographics
  • Population in 201117811
  • Population in 200618129
  • 2006 to 2011 population change (%)-1.8
  • Total private dwellings8133
  • Private dwellings occupied by usual residents7564
  • Population density per square kilometre99
  • Land area (square km)179.93
  • Age Characteristics
    Total population by age groups 17810
    0 to 4 years 765
    5 to 9 years 825
    10 to 14 years 935
    15 to 19 years 1060
    15 years 180
    16 years 200
    17 years 230
    18 years 215
    19 years 230
    20 to 24 years 980
    25 to 29 years 830
    30 to 34 years 865
    35 to 39 years 1070
    40 to 44 years 1180
    45 to 49 years 1335
    50 to 54 years 1425
    55 to 59 years 1535
    60 to 64 years 1495
    65 to 69 years 1020
    70 to 74 years 855
    75 to 79 years 685
    80 to 84 years 490
    85 years and over 465
    Median age of the population 46.6
    % of the population aged 15 and over 85.8
  • Marital Status
    Total population 15 years and over by marital status 15285
    Married or living with a common-law partner 8915
    Married (and not separated) 7760
    Living common-law 1155
    Not married and not living with a common-law partner 6370
    Single (never legally married) 3760
    Separated 475
    Divorced 855
    Widowed 1285
    Family Characteristics
    Total number of census families in private households 5385
    Size of census family: 2 persons 3095
    Size of census family: 3 persons 1175
    Size of census family: 4 persons 835
    Size of census family: 5 or more persons 280
    Total number of census families in private households 5380
    Total couple families by family structure and number of children 4380
    Married couples 3805
    Without children at home 2095
    With children at home 1715
    1 child 790
    2 children 695
    3 or more children 235
    Common-law couples 575
    Without children at home 345
    With children at home 230
    1 child 115
    2 children 80
    3 or more children 35
    Total lone-parent families by sex of parent and number of children 995
    Female parent 830
    1 child 545
    2 children 225
    3 or more children 60
    Male parent 170
    1 child 115
    2 children 45
    3 or more children 10
    Total children in census families in private households 4740
    Under six years of age 910
    6 to 14 years 1595
    15 to 17 years 585
    18 to 24 years 970
    25 years and over 675
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 17365
    Number of persons not in census families 2860
    Living with relatives 350
    Living with non-relatives only 465
    Living alone 2050
    Number of census family persons 14505
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 3275
    Number of persons not in census families aged 65 years and over 1145
    Living with relatives 130
    Living with non-relatives only 85
    Living alone 930
    Number of census family persons aged 65 years and over 2130
    Total number of private households by household type 7565
    Census-family households 5275
    One-family-only households 4930
    Couple-family households 4110
    Without children 2285
    With children 1825
    Lone-parent-family households 815
    Other family households 350
    One-family households with persons not in a census family 245
    Couple-family households 150
    Without children 70
    With children 75
    Lone-parent-family households 100
    Two-or-more-family households 105
    Non-census-family households 2290
    One-person households 2050
    Two-or-more-person households 240
    Total number of occupied private dwellings by structural type of dwelling 7565
    Single-detached house 5385
    Apartment, building that has five or more storeys 0
    Movable dwelling 550
    Other dwelling 1635
    Semi-detached house 320
    Row house 35
    Apartment, duplex 180
    Apartment, building that has fewer than five storeys 1080
    Other single-attached house 15
    Total number of private households by household size 7565
    1 person 2045
    2 persons 3010
    3 persons 1225
    4 persons 905
    5 persons 280
    6 or more persons 90
    Number of persons in private households 17370
    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?