Real Estate Market Report for
Vermilion, AB

Updated : Aug 2016
House
  • Median price $247,400
  • Monthly growth -4.27 %
  • Quarterly trend
  • Stock on market 2.60%
Apartment
  • Median price $214,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.16%
Vermilion Home Price

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When looking across the province, Vermilion is the 186th most expensive in Alberta.

The $247,400 price tag on the median Vermilion home means that it is about average price.

Vermilion’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.

This month we track 52th neighbourhoods in Alberta, and Vermilion has the 52th most choice available for real estate investors.

When we look at the data we have, it can help with trying to establish whether or not Vermilion is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vermilion there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

The $214,900 price tag on the median Vermilion home means that it is about average price.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

From our data, it appears that neighbourhood is number 719th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.

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

In Vermilion, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Beds Median price (House) Median price (Apartment)
2 bedrooms $176,500
3 bedrooms $228,500 $214,900
4 bedrooms $259,950
5 bedrooms $335,000
Demographics
  • Population in 20113930
  • Population in 20064036
  • 2006 to 2011 population change (%)-2.6
  • Total private dwellings1845
  • Private dwellings occupied by usual residents1651
  • Population density per square kilometre287
  • Land area (square km)13.69
  • Age Characteristics
    Total population by age groups 3930
    0 to 4 years 240
    5 to 9 years 240
    10 to 14 years 230
    15 to 19 years 280
    15 years 40
    16 years 65
    17 years 50
    18 years 55
    19 years 65
    20 to 24 years 270
    25 to 29 years 280
    30 to 34 years 250
    35 to 39 years 240
    40 to 44 years 230
    45 to 49 years 265
    50 to 54 years 265
    55 to 59 years 250
    60 to 64 years 185
    65 to 69 years 120
    70 to 74 years 145
    75 to 79 years 140
    80 to 84 years 125
    85 years and over 175
    Median age of the population 38.7
    % of the population aged 15 and over 82
  • Marital Status
    Total population 15 years and over by marital status 3220
    Married or living with a common-law partner 1825
    Married (and not separated) 1540
    Living common-law 285
    Not married and not living with a common-law partner 1395
    Single (never legally married) 845
    Separated 70
    Divorced 180
    Widowed 305
    Family Characteristics
    Total number of census families in private households 1015
    Size of census family: 2 persons 525
    Size of census family: 3 persons 180
    Size of census family: 4 persons 205
    Size of census family: 5 or more persons 105
    Total number of census families in private households 1015
    Total couple families by family structure and number of children 880
    Married couples 740
    Without children at home 355
    With children at home 390
    1 child 120
    2 children 180
    3 or more children 90
    Common-law couples 145
    Without children at home 90
    With children at home 50
    1 child 25
    2 children 15
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 130
    Female parent 110
    1 child 65
    2 children 25
    3 or more children 15
    Male parent 25
    1 child 15
    2 children 5
    3 or more children 5
    Total children in census families in private households 1070
    Under six years of age 295
    6 to 14 years 415
    15 to 17 years 155
    18 to 24 years 165
    25 years and over 40
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 3750
    Number of persons not in census families 785
    Living with relatives 70
    Living with non-relatives only 150
    Living alone 560
    Number of census family persons 2965
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 545
    Number of persons not in census families aged 65 years and over 225
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 200
    Number of census family persons aged 65 years and over 320
    Total number of private households by household type 1650
    Census-family households 1005
    One-family-only households 965
    Couple-family households 850
    Without children 425
    With children 430
    Lone-parent-family households 105
    Other family households 40
    One-family households with persons not in a census family 35
    Couple-family households 20
    Without children 10
    With children 10
    Lone-parent-family households 15
    Two-or-more-family households 10
    Non-census-family households 645
    One-person households 565
    Two-or-more-person households 85
    Total number of occupied private dwellings by structural type of dwelling 1655
    Single-detached house 1305
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 340
    Semi-detached house 25
    Row house 50
    Apartment, duplex 50
    Apartment, building that has fewer than five storeys 220
    Other single-attached house 5
    Total number of private households by household size 1650
    1 person 565
    2 persons 560
    3 persons 195
    4 persons 215
    5 persons 85
    6 or more persons 30
    Number of persons in private households 3750
    Average number of persons in private households 2.3
Census 2011

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