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Banff, AB

Updated: Aug 2016
House
Median price $1,350,000
Monthly growth
Quarterly trend
Stock on market 0.39%
Apartment
Median price $439,000
Monthly growth 7.07 %
Quarterly trend
Stock on market 0.18%

Banff Home Price

Across the country as a whole, Banff is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

The median house price listed in Banff this month is $1,350,000.

5 bedroom properties are the most common available for real estate investors this month in neighbourhood.

Across Alberta Banff has the 142th most properties on offer with 339.

It’s never an exact art, but to try to forecast how property is going to appreciate in Banff 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 Banff have dried up which would tend to indicate that demand is higher than the supply of new properties.

The median asking price in Banff is $439,000, a substantial increase over the median three months ago which was $409,000 .

When our research team crunched the numbers we calculated that Banff has a median home price of $439,000.

1 bedroom properties are the most common available for real estate investors this month in neighbourhood.

Across Alberta Banff has the 54th most properties on offer with 99.

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

Over the last three months in Banff, housing stock available seems to be falling – this could mean that homes values might increase faster.

Find a mortgage broker in Banff, AB
Beds Median price (House) Median price (Apartment)
1 bedroom $359,000
5 bedrooms $1,425,000
6 bedrooms $1,420,000
Demographics
  • Population in 20117584
  • Population in 20066700
  • 2006 to 2011 population change (%)13.2
  • Total private dwellings2850
  • Private dwellings occupied by usual residents2565
  • Population density per square kilometre1555
  • Land area (square km)4.88

Age Characteristics

Total population by age groups 7580
0 to 4 years 310
5 to 9 years 250
10 to 14 years 230
15 to 19 years 390
15 years 50
16 years 55
17 years 65
18 years 90
19 years 125
20 to 24 years 1050
25 to 29 years 1190
30 to 34 years 865
35 to 39 years 725
40 to 44 years 540
45 to 49 years 520
50 to 54 years 425
55 to 59 years 345
60 to 64 years 270
65 to 69 years 145
70 to 74 years 100
75 to 79 years 85
80 to 84 years 80
85 years and over 70
Median age of the population 31.8
% of the population aged 15 and over 89.6

Marital Status

Total population 15 years and over by marital status 6795
Married or living with a common-law partner 3085
Married (and not separated) 2215
Living common-law 870
Not married and not living with a common-law partner 3710
Single (never legally married) 3175
Separated 100
Divorced 280
Widowed 155

Family Characteristics

Total number of census families in private households 1515
Size of census family: 2 persons 860
Size of census family: 3 persons 310
Size of census family: 4 persons 270
Size of census family: 5 or more persons 80
Total number of census families in private households 1520
Total couple families by family structure and number of children 1385
Married couples 995
Without children at home 455
With children at home 540
1 child 230
2 children 240
3 or more children 70
Common-law couples 390
Without children at home 320
With children at home 70
1 child 40
2 children 20
3 or more children 5
Total lone-parent families by sex of parent and number of children 135
Female parent 95
1 child 60
2 children 30
3 or more children 10
Male parent 35
1 child 25
2 children 10
3 or more children 0
Total children in census families in private households 1230
Under six years of age 365
6 to 14 years 405
15 to 17 years 170
18 to 24 years 200
25 years and over 85
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 6245
Number of persons not in census families 2115
Living with relatives 85
Living with non-relatives only 1390
Living alone 645
Number of census family persons 4130
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 435
Number of persons not in census families aged 65 years and over 180
Living with relatives 15
Living with non-relatives only 15
Living alone 150
Number of census family persons aged 65 years and over 255
Total number of private households by household type 2565
Census-family households 1475
One-family-only households 1265
Couple-family households 1155
Without children 610
With children 545
Lone-parent-family households 110
Other family households 210
One-family households with persons not in a census family 170
Couple-family households 155
Without children 100
With children 55
Lone-parent-family households 15
Two-or-more-family households 40
Non-census-family households 1090
One-person households 645
Two-or-more-person households 445
Total number of occupied private dwellings by structural type of dwelling 2565
Single-detached house 405
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 2160
Semi-detached house 350
Row house 290
Apartment, duplex 110
Apartment, building that has fewer than five storeys 1400
Other single-attached house 0
Total number of private households by household size 2565
1 person 645
2 persons 925
3 persons 465
4 persons 365
5 persons 120
6 or more persons 45
Number of persons in private households 6245
Average number of persons in private households 2.4

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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