Real Estate Market Report for
Shoal Lake, MB

Updated : Aug 2016
House
  • Median price $119,000
  • Monthly growth -6.99 %
  • Quarterly trend
  • Stock on market 2.63%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Shoal Lake Home Price

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With Shoal Lake’s median house price at $119,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Manitoba.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

According to our stats, Shoal Lake is the neighbourhood that has the 45th most properties available to real estate investors in Manitoba.

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

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

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.

Can we guarantee how well Shoal Lake 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.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $60,250
3 bedrooms $155,000
4 bedrooms $194,700
Demographics
  • Population in 20111229
  • Population in 20061235
  • 2006 to 2011 population change (%)-0.5
  • Total private dwellings722
  • Private dwellings occupied by usual residents559
  • Population density per square kilometre2.2
  • Land area (square km)570.76
  • Age Characteristics
    Total population by age groups 1225
    0 to 4 years 55
    5 to 9 years 60
    10 to 14 years 65
    15 to 19 years 65
    15 years 15
    16 years 15
    17 years 15
    18 years 10
    19 years 10
    20 to 24 years 40
    25 to 29 years 45
    30 to 34 years 50
    35 to 39 years 60
    40 to 44 years 65
    45 to 49 years 85
    50 to 54 years 100
    55 to 59 years 95
    60 to 64 years 105
    65 to 69 years 70
    70 to 74 years 60
    75 to 79 years 50
    80 to 84 years 45
    85 years and over 110
    Median age of the population 50.8
    % of the population aged 15 and over 85.1
  • Marital Status
    Total population 15 years and over by marital status 1050
    Married or living with a common-law partner 660
    Married (and not separated) 605
    Living common-law 50
    Not married and not living with a common-law partner 390
    Single (never legally married) 180
    Separated 25
    Divorced 35
    Widowed 160
    Family Characteristics
    Total number of census families in private households 360
    Size of census family: 2 persons 235
    Size of census family: 3 persons 35
    Size of census family: 4 persons 60
    Size of census family: 5 or more persons 30
    Total number of census families in private households 360
    Total couple families by family structure and number of children 330
    Married couples 300
    Without children at home 195
    With children at home 105
    1 child 30
    2 children 55
    3 or more children 25
    Common-law couples 25
    Without children at home 10
    With children at home 15
    1 child 5
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 35
    Female parent 25
    1 child 20
    2 children 0
    3 or more children 0
    Male parent 5
    1 child 10
    2 children 0
    3 or more children 0
    Total children in census families in private households 285
    Under six years of age 70
    6 to 14 years 110
    15 to 17 years 45
    18 to 24 years 45
    25 years and over 25
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 1185
    Number of persons not in census families 215
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 200
    Number of census family persons 970
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 300
    Number of persons not in census families aged 65 years and over 135
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 125
    Number of census family persons aged 65 years and over 160
    Total number of private households by household type 560
    Census-family households 355
    One-family-only households 345
    Couple-family households 320
    Without children 200
    With children 120
    Lone-parent-family households 30
    Other family households 10
    One-family households with persons not in a census family 5
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 205
    One-person households 200
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 560
    Single-detached house 480
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 50
    Semi-detached house 5
    Row house 15
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 25
    Other single-attached house 0
    Total number of private households by household size 555
    1 person 200
    2 persons 220
    3 persons 45
    4 persons 65
    5 persons 20
    6 or more persons 10
    Number of persons in private households 1190
    Average number of persons in private households 2.1
Census 2011

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