Real Estate Market Report for
South Norfolk, MB

Updated : Sep 2015
House
  • Median price $224,500
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.50%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
South Norfolk Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

With a median listing price of $224,500, South Norfolk is Canada’s 2338th most expensive when ordered by median listing price.

In Sep the median listed house price of $224,500 in South Norfolk was an above average compared to the rest of Manitoba.

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.

Manitoba has the seventh most amount of properties available to property investors, with South Norfolk having 211th most in the province, out of a total of 256.

Manitoba has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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

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

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)
4 bedrooms $242,500
Demographics
  • Population in 20111125
  • Population in 20061170
  • 2006 to 2011 population change (%)-3.8
  • Total private dwellings401
  • Private dwellings occupied by usual residents375
  • Population density per square kilometre1.5
  • Land area (square km)732.03
  • Age Characteristics
    Total population by age groups 1125
    0 to 4 years 60
    5 to 9 years 70
    10 to 14 years 90
    15 to 19 years 90
    15 years 15
    16 years 25
    17 years 20
    18 years 20
    19 years 15
    20 to 24 years 65
    25 to 29 years 55
    30 to 34 years 40
    35 to 39 years 55
    40 to 44 years 70
    45 to 49 years 95
    50 to 54 years 110
    55 to 59 years 75
    60 to 64 years 70
    65 to 69 years 65
    70 to 74 years 40
    75 to 79 years 35
    80 to 84 years 15
    85 years and over 25
    Median age of the population 42.8
    % of the population aged 15 and over 79.9
  • Marital Status
    Total population 15 years and over by marital status 900
    Married or living with a common-law partner 580
    Married (and not separated) 545
    Living common-law 30
    Not married and not living with a common-law partner 320
    Single (never legally married) 225
    Separated 15
    Divorced 30
    Widowed 55
    Family Characteristics
    Total number of census families in private households 275
    Size of census family: 2 persons 135
    Size of census family: 3 persons 65
    Size of census family: 4 persons 45
    Size of census family: 5 or more persons 30
    Total number of census families in private households 275
    Total couple families by family structure and number of children 250
    Married couples 235
    Without children at home 115
    With children at home 115
    1 child 50
    2 children 45
    3 or more children 30
    Common-law couples 15
    Without children at home 10
    With children at home 10
    1 child 5
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 25
    Female parent 15
    1 child 10
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 5
    3 or more children 5
    Total children in census families in private households 285
    Under six years of age 55
    6 to 14 years 110
    15 to 17 years 50
    18 to 24 years 55
    25 years and over 20
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 930
    Number of persons not in census families 110
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 95
    Number of census family persons 820
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 160
    Number of persons not in census families aged 65 years and over 50
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 45
    Number of census family persons aged 65 years and over 110
    Total number of private households by household type 375
    Census-family households 275
    One-family-only households 265
    Couple-family households 245
    Without children 120
    With children 125
    Lone-parent-family households 20
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 100
    One-person households 100
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 375
    Single-detached house 345
    Apartment, building that has five or more storeys 0
    Movable dwelling 20
    Other dwelling 10
    Semi-detached house 0
    Row house 0
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 375
    1 person 100
    2 persons 135
    3 persons 65
    4 persons 45
    5 persons 25
    6 or more persons 10
    Number of persons in private households 930
    Average number of persons in private households 2.5
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?