Real Estate Market Report for
Onoway, AB

Updated : Aug 2016
House
  • Median price $255,000
  • Monthly growth 10.86 %
  • Quarterly trend
  • Stock on market 1.99%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Onoway Home Price

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Across the country as a whole, Onoway is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

The $255,000 price tag on the median Onoway home means that it is above the cost of most houses in the country.

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

There are 339 neighbourhoods that have more properties on sale than Onoway at the moment in Alberta which puts the neighbourhood middle range when looking at the number of properties to choose from.

As one of Alberta’s many potential real estate investment neighbourhoods, Onoway 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.

If you are looking at investment properties in Onoway, 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.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

Beds Median price (House) Median price (Apartment)
2 bedrooms $237,400
3 bedrooms $232,500
Demographics
  • Population in 20111039
  • Population in 2006875
  • 2006 to 2011 population change (%)18.7
  • Total private dwellings403
  • Private dwellings occupied by usual residents375
  • Population density per square kilometre311.5
  • Land area (square km)3.34
  • Age Characteristics
    Total population by age groups 1040
    0 to 4 years 60
    5 to 9 years 90
    10 to 14 years 70
    15 to 19 years 85
    15 years 15
    16 years 15
    17 years 20
    18 years 20
    19 years 15
    20 to 24 years 55
    25 to 29 years 55
    30 to 34 years 60
    35 to 39 years 60
    40 to 44 years 70
    45 to 49 years 80
    50 to 54 years 55
    55 to 59 years 80
    60 to 64 years 45
    65 to 69 years 30
    70 to 74 years 40
    75 to 79 years 45
    80 to 84 years 25
    85 years and over 30
    Median age of the population 38.7
    % of the population aged 15 and over 78.5
  • Marital Status
    Total population 15 years and over by marital status 820
    Married or living with a common-law partner 505
    Married (and not separated) 400
    Living common-law 100
    Not married and not living with a common-law partner 315
    Single (never legally married) 195
    Separated 15
    Divorced 50
    Widowed 55
    Family Characteristics
    Total number of census families in private households 290
    Size of census family: 2 persons 150
    Size of census family: 3 persons 65
    Size of census family: 4 persons 50
    Size of census family: 5 or more persons 35
    Total number of census families in private households 290
    Total couple families by family structure and number of children 240
    Married couples 190
    Without children at home 90
    With children at home 100
    1 child 30
    2 children 40
    3 or more children 25
    Common-law couples 50
    Without children at home 30
    With children at home 20
    1 child 15
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 50
    Female parent 40
    1 child 20
    2 children 15
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 325
    Under six years of age 70
    6 to 14 years 135
    15 to 17 years 45
    18 to 24 years 50
    25 years and over 15
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 985
    Number of persons not in census families 135
    Living with relatives 20
    Living with non-relatives only 35
    Living alone 80
    Number of census family persons 850
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 120
    Number of persons not in census families aged 65 years and over 35
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 30
    Number of census family persons aged 65 years and over 90
    Total number of private households by household type 375
    Census-family households 285
    One-family-only households 255
    Couple-family households 215
    Without children 110
    With children 105
    Lone-parent-family households 40
    Other family households 25
    One-family households with persons not in a census family 20
    Couple-family households 10
    Without children 0
    With children 10
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 90
    One-person households 80
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 375
    Single-detached house 305
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 60
    Semi-detached house 0
    Row house 30
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 25
    Other single-attached house 0
    Total number of private households by household size 375
    1 person 80
    2 persons 140
    3 persons 60
    4 persons 50
    5 persons 30
    6 or more persons 15
    Number of persons in private households 985
    Average number of persons in private households 2.6
Census 2011

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