Real Estate Market Report for
Oakbank, MB

Updated : Aug 2016
House
  • Median price $409,900
  • Monthly growth 3.77 %
  • Quarterly trend
  • Stock on market 1.05%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Oakbank Home Price

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Oakbank was Canada’s 708th most expensive suburb by listed median house price this month.

The $409,900 price tag on the median Oakbank home means that it is quite highly priced by Canadian standards.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

According to our stats, Oakbank is the neighbourhood that has the 14th most properties available to real estate investors in Manitoba.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Oakbank, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 67, this month we show 53.

Can we guarantee how well Oakbank 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.

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 Oakbank have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $289,900
3 bedrooms $421,950
4 bedrooms $456,900
5 bedrooms $397,400
Demographics
  • Population in 201114069
  • Population in 200612990
  • 2006 to 2011 population change (%)8.3
  • Total private dwellings5061
  • Private dwellings occupied by usual residents4902
  • Population density per square kilometre12.8
  • Land area (square km)1100.83
  • Age Characteristics
    Total population by age groups 14070
    0 to 4 years 780
    5 to 9 years 860
    10 to 14 years 1025
    15 to 19 years 1165
    15 years 245
    16 years 230
    17 years 245
    18 years 235
    19 years 215
    20 to 24 years 800
    25 to 29 years 575
    30 to 34 years 735
    35 to 39 years 830
    40 to 44 years 1050
    45 to 49 years 1355
    50 to 54 years 1325
    55 to 59 years 1085
    60 to 64 years 895
    65 to 69 years 605
    70 to 74 years 400
    75 to 79 years 285
    80 to 84 years 155
    85 years and over 135
    Median age of the population 41.3
    % of the population aged 15 and over 81.1
  • Marital Status
    Total population 15 years and over by marital status 11405
    Married or living with a common-law partner 7845
    Married (and not separated) 7020
    Living common-law 825
    Not married and not living with a common-law partner 3555
    Single (never legally married) 2610
    Separated 165
    Divorced 335
    Widowed 450
    Family Characteristics
    Total number of census families in private households 4125
    Size of census family: 2 persons 1900
    Size of census family: 3 persons 810
    Size of census family: 4 persons 965
    Size of census family: 5 or more persons 450
    Total number of census families in private households 4125
    Total couple families by family structure and number of children 3835
    Married couples 3425
    Without children at home 1475
    With children at home 1950
    1 child 650
    2 children 895
    3 or more children 405
    Common-law couples 415
    Without children at home 255
    With children at home 160
    1 child 75
    2 children 50
    3 or more children 40
    Total lone-parent families by sex of parent and number of children 290
    Female parent 200
    1 child 110
    2 children 70
    3 or more children 20
    Male parent 85
    1 child 60
    2 children 20
    3 or more children 0
    Total children in census families in private households 4650
    Under six years of age 885
    6 to 14 years 1595
    15 to 17 years 675
    18 to 24 years 1105
    25 years and over 390
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 13715
    Number of persons not in census families 1100
    Living with relatives 195
    Living with non-relatives only 150
    Living alone 760
    Number of census family persons 12605
    Average number of persons per census family 3.1
    Total number of persons 65 years and over in private households 1525
    Number of persons not in census families aged 65 years and over 365
    Living with relatives 55
    Living with non-relatives only 10
    Living alone 300
    Number of census family persons aged 65 years and over 1155
    Total number of private households by household type 4905
    Census-family households 4070
    One-family-only households 3885
    Couple-family households 3655
    Without children 1645
    With children 2005
    Lone-parent-family households 235
    Other family households 190
    One-family households with persons not in a census family 140
    Couple-family households 110
    Without children 35
    With children 80
    Lone-parent-family households 25
    Two-or-more-family households 50
    Non-census-family households 825
    One-person households 760
    Two-or-more-person households 70
    Total number of occupied private dwellings by structural type of dwelling 4900
    Single-detached house 4665
    Apartment, building that has five or more storeys 0
    Movable dwelling 110
    Other dwelling 125
    Semi-detached house 40
    Row house 10
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 70
    Other single-attached house 10
    Total number of private households by household size 4900
    1 person 760
    2 persons 1850
    3 persons 800
    4 persons 980
    5 persons 330
    6 or more persons 180
    Number of persons in private households 13710
    Average number of persons in private households 2.8
Census 2011

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