Real Estate Market Report for
Monte Lake, BC

Updated : Aug 2016
House
  • Median price $349,900
  • Monthly growth 27.28 %
  • Quarterly trend
  • Stock on market 0.48%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Monte Lake Home Price

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Monte Lake was Canada’s 1031th most expensive suburb by listed median house price this month.

The $349,900 price tag on the median Monte Lake home means that it is above the cost of most houses in the country.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

According to our stats, Monte Lake is the neighbourhood that has the 245th most properties available to real estate investors in British Columbia.

As one of British Columbia’s many potential real estate investment neighbourhoods, Monte Lake 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 Monte Lake have increased which would tend to indicate that demand is not as high as supply.

Is Monte Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

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)
3 bedrooms $449,450
Demographics
  • Population in 20113049
  • Population in 20062981
  • 2006 to 2011 population change (%)2.3
  • Total private dwellings1469
  • Private dwellings occupied by usual residents1299
  • Population density per square kilometre1.6
  • Land area (square km)1917.22
  • Age Characteristics
    Total population by age groups 3050
    0 to 4 years 95
    5 to 9 years 120
    10 to 14 years 170
    15 to 19 years 180
    15 years 40
    16 years 35
    17 years 50
    18 years 25
    19 years 30
    20 to 24 years 115
    25 to 29 years 105
    30 to 34 years 120
    35 to 39 years 130
    40 to 44 years 205
    45 to 49 years 265
    50 to 54 years 330
    55 to 59 years 350
    60 to 64 years 305
    65 to 69 years 215
    70 to 74 years 145
    75 to 79 years 110
    80 to 84 years 55
    85 years and over 30
    Median age of the population 50.2
    % of the population aged 15 and over 87.3
  • Marital Status
    Total population 15 years and over by marital status 2660
    Married or living with a common-law partner 1875
    Married (and not separated) 1530
    Living common-law 345
    Not married and not living with a common-law partner 780
    Single (never legally married) 445
    Separated 65
    Divorced 160
    Widowed 110
    Family Characteristics
    Total number of census families in private households 995
    Size of census family: 2 persons 650
    Size of census family: 3 persons 150
    Size of census family: 4 persons 150
    Size of census family: 5 or more persons 50
    Total number of census families in private households 995
    Total couple families by family structure and number of children 925
    Married couples 755
    Without children at home 480
    With children at home 270
    1 child 105
    2 children 125
    3 or more children 45
    Common-law couples 175
    Without children at home 120
    With children at home 55
    1 child 30
    2 children 20
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 70
    Female parent 40
    1 child 35
    2 children 5
    3 or more children 0
    Male parent 25
    1 child 15
    2 children 5
    3 or more children 5
    Total children in census families in private households 680
    Under six years of age 115
    6 to 14 years 265
    15 to 17 years 120
    18 to 24 years 120
    25 years and over 55
    Average number of children at home per census family 0.7
  • Household And Dwelling Characteristics
    Total number of persons in private households 3040
    Number of persons not in census families 440
    Living with relatives 70
    Living with non-relatives only 80
    Living alone 295
    Number of census family persons 2600
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 550
    Number of persons not in census families aged 65 years and over 130
    Living with relatives 25
    Living with non-relatives only 15
    Living alone 90
    Number of census family persons aged 65 years and over 420
    Total number of private households by household type 1300
    Census-family households 970
    One-family-only households 895
    Couple-family households 840
    Without children 550
    With children 290
    Lone-parent-family households 55
    Other family households 75
    One-family households with persons not in a census family 50
    Couple-family households 40
    Without children 20
    With children 20
    Lone-parent-family households 5
    Two-or-more-family households 25
    Non-census-family households 330
    One-person households 290
    Two-or-more-person households 35
    Total number of occupied private dwellings by structural type of dwelling 1300
    Single-detached house 1090
    Apartment, building that has five or more storeys 0
    Movable dwelling 210
    Other dwelling 5
    Semi-detached house 0
    Row house 0
    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 1300
    1 person 290
    2 persons 620
    3 persons 155
    4 persons 165
    5 persons 40
    6 or more persons 30
    Number of persons in private households 3045
    Average number of persons in private households 2.3
Census 2011

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