Real Estate Market Report for
Terrace, BC

Updated : Aug 2016
House
  • Median price $327,400
  • Monthly growth 2.63 %
  • Quarterly trend
  • Stock on market 1.81%
Apartment
  • Median price $164,900
  • Monthly growth 9.93 %
  • Quarterly trend
  • Stock on market 0.66%
Terrace Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Terrace is number 1205 putting it ahead of most neighbourhoods .

While the median for British Columbia is $519,000 , which means that Terrace’s median price is $327,400 considerably better than the rest of the province.

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

There are 359 neighbourhoods that have more properties on sale than Terrace at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

If you are looking at investment properties in Terrace, 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.

Terrace was Canada’s 786th most expensive suburb by listed median house price this month.

With Terrace’s median house price at $164,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.

According to our stats, Terrace is the neighbourhood that has the 39th most properties available to real estate investors in British Columbia.

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

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 Terrace have dried up which would tend to indicate that demand is higher than the supply of new properties.

Beds Median price (House) Median price (Apartment)
1 bedroom $95,000
2 bedrooms $299,450 $119,900
3 bedrooms $324,900 $272,350
4 bedrooms $354,900 $319,900
5 bedrooms $334,500
6 bedrooms $362,450
Demographics
  • Population in 201111486
  • Population in 200611320
  • 2006 to 2011 population change (%)1.5
  • Total private dwellings4861
  • Private dwellings occupied by usual residents4536
  • Population density per square kilometre200.3
  • Land area (square km)57.36
  • Age Characteristics
    Total population by age groups 11485
    0 to 4 years 680
    5 to 9 years 765
    10 to 14 years 855
    15 to 19 years 905
    15 years 175
    16 years 200
    17 years 175
    18 years 175
    19 years 175
    20 to 24 years 740
    25 to 29 years 640
    30 to 34 years 610
    35 to 39 years 715
    40 to 44 years 845
    45 to 49 years 885
    50 to 54 years 840
    55 to 59 years 810
    60 to 64 years 690
    65 to 69 years 485
    70 to 74 years 370
    75 to 79 years 275
    80 to 84 years 200
    85 years and over 170
    Median age of the population 38.8
    % of the population aged 15 and over 80
  • Marital Status
    Total population 15 years and over by marital status 9180
    Married or living with a common-law partner 5260
    Married (and not separated) 4160
    Living common-law 1100
    Not married and not living with a common-law partner 3920
    Single (never legally married) 2530
    Separated 340
    Divorced 515
    Widowed 540
    Family Characteristics
    Total number of census families in private households 3215
    Size of census family: 2 persons 1615
    Size of census family: 3 persons 695
    Size of census family: 4 persons 580
    Size of census family: 5 or more persons 335
    Total number of census families in private households 3220
    Total couple families by family structure and number of children 2585
    Married couples 2040
    Without children at home 990
    With children at home 1050
    1 child 365
    2 children 430
    3 or more children 255
    Common-law couples 545
    Without children at home 275
    With children at home 270
    1 child 125
    2 children 80
    3 or more children 60
    Total lone-parent families by sex of parent and number of children 630
    Female parent 500
    1 child 275
    2 children 160
    3 or more children 65
    Male parent 135
    1 child 75
    2 children 40
    3 or more children 20
    Total children in census families in private households 3610
    Under six years of age 815
    6 to 14 years 1450
    15 to 17 years 525
    18 to 24 years 615
    25 years and over 205
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 11310
    Number of persons not in census families 1890
    Living with relatives 275
    Living with non-relatives only 395
    Living alone 1220
    Number of census family persons 9415
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 1410
    Number of persons not in census families aged 65 years and over 530
    Living with relatives 80
    Living with non-relatives only 30
    Living alone 420
    Number of census family persons aged 65 years and over 880
    Total number of private households by household type 4540
    Census-family households 3135
    One-family-only households 2840
    Couple-family households 2340
    Without children 1145
    With children 1195
    Lone-parent-family households 500
    Other family households 295
    One-family households with persons not in a census family 215
    Couple-family households 140
    Without children 65
    With children 70
    Lone-parent-family households 75
    Two-or-more-family households 75
    Non-census-family households 1400
    One-person households 1220
    Two-or-more-person households 185
    Total number of occupied private dwellings by structural type of dwelling 4535
    Single-detached house 2930
    Apartment, building that has five or more storeys 0
    Movable dwelling 200
    Other dwelling 1410
    Semi-detached house 215
    Row house 325
    Apartment, duplex 255
    Apartment, building that has fewer than five storeys 590
    Other single-attached house 25
    Total number of private households by household size 4535
    1 person 1220
    2 persons 1570
    3 persons 710
    4 persons 605
    5 persons 265
    6 or more persons 165
    Number of persons in private households 11310
    Average number of persons in private households 2.5
Census 2011

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