Real Estate Market Report for
Read Island, BC

Updated : Aug 2016
House
  • Median price $596,250
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.12%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Read Island Home Price

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When looking across the province, Read Island is the 83th most expensive in British Columbia.

In Aug the median listed house price of $596,250 in Read Island was an impressive compared to the rest of British Columbia.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Read Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Can we guarantee how well Read Island 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.

In Read Island, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Demographics
  • Population in 20112601
  • Population in 20062472
  • 2006 to 2011 population change (%)5.2
  • Total private dwellings1690
  • Private dwellings occupied by usual residents1203
  • Population density per square kilometre0.3
  • Land area (square km)9238.49
  • Age Characteristics
    Total population by age groups 2600
    0 to 4 years 105
    5 to 9 years 100
    10 to 14 years 115
    15 to 19 years 150
    15 years 30
    16 years 30
    17 years 25
    18 years 30
    19 years 35
    20 to 24 years 90
    25 to 29 years 100
    30 to 34 years 120
    35 to 39 years 140
    40 to 44 years 120
    45 to 49 years 185
    50 to 54 years 230
    55 to 59 years 340
    60 to 64 years 325
    65 to 69 years 245
    70 to 74 years 110
    75 to 79 years 55
    80 to 84 years 40
    85 years and over 20
    Median age of the population 51.5
    % of the population aged 15 and over 87.6
  • Marital Status
    Total population 15 years and over by marital status 2280
    Married or living with a common-law partner 1430
    Married (and not separated) 1100
    Living common-law 335
    Not married and not living with a common-law partner 845
    Single (never legally married) 490
    Separated 65
    Divorced 215
    Widowed 75
    Family Characteristics
    Total number of census families in private households 780
    Size of census family: 2 persons 525
    Size of census family: 3 persons 130
    Size of census family: 4 persons 90
    Size of census family: 5 or more persons 40
    Total number of census families in private households 780
    Total couple families by family structure and number of children 685
    Married couples 515
    Without children at home 360
    With children at home 160
    1 child 70
    2 children 65
    3 or more children 25
    Common-law couples 165
    Without children at home 105
    With children at home 60
    1 child 40
    2 children 20
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 100
    Female parent 65
    1 child 45
    2 children 20
    3 or more children 5
    Male parent 30
    1 child 20
    2 children 10
    3 or more children 5
    Total children in census families in private households 520
    Under six years of age 115
    6 to 14 years 185
    15 to 17 years 80
    18 to 24 years 95
    25 years and over 40
    Average number of children at home per census family 0.7
  • Household And Dwelling Characteristics
    Total number of persons in private households 2505
    Number of persons not in census families 520
    Living with relatives 30
    Living with non-relatives only 100
    Living alone 390
    Number of census family persons 1985
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 455
    Number of persons not in census families aged 65 years and over 125
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 100
    Number of census family persons aged 65 years and over 325
    Total number of private households by household type 1205
    Census-family households 775
    One-family-only households 730
    Couple-family households 650
    Without children 445
    With children 205
    Lone-parent-family households 80
    Other family households 40
    One-family households with persons not in a census family 30
    Couple-family households 20
    Without children 10
    With children 15
    Lone-parent-family households 10
    Two-or-more-family households 10
    Non-census-family households 430
    One-person households 390
    Two-or-more-person households 40
    Total number of occupied private dwellings by structural type of dwelling 1205
    Single-detached house 1075
    Apartment, building that has five or more storeys 0
    Movable dwelling 95
    Other dwelling 30
    Semi-detached house 0
    Row house 5
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 0
    Total number of private households by household size 1205
    1 person 390
    2 persons 535
    3 persons 135
    4 persons 90
    5 persons 35
    6 or more persons 15
    Number of persons in private households 2505
    Average number of persons in private households 2.1
Census 2011

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