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Hanover, MB

Updated: Aug 2016
House
Median price $329,900
Monthly growth 4.26 %
Quarterly trend
Stock on market 0.07%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Hanover Home Price

With a median listing price of $329,900, Hanover is Canada’s 1169th most expensive when ordered by median listing price.

With Hanover’s median house price at $329,900 in Aug , it is high priced 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.

There are 250 neighbourhoods that have more properties on sale than Hanover at the moment in Manitoba which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

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

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 Hanover there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
3 bedrooms $339,400
4 bedrooms $297,400
Demographics
  • Population in 201114026
  • Population in 200611871
  • 2006 to 2011 population change (%)18.2
  • Total private dwellings4033
  • Private dwellings occupied by usual residents3950
  • Population density per square kilometre18.9
  • Land area (square km)740.31

Age Characteristics

Total population by age groups 14025
0 to 4 years 1295
5 to 9 years 1415
10 to 14 years 1590
15 to 19 years 1480
15 years 315
16 years 305
17 years 315
18 years 265
19 years 280
20 to 24 years 905
25 to 29 years 800
30 to 34 years 890
35 to 39 years 915
40 to 44 years 920
45 to 49 years 935
50 to 54 years 825
55 to 59 years 610
60 to 64 years 450
65 to 69 years 375
70 to 74 years 230
75 to 79 years 170
80 to 84 years 100
85 years and over 105
Median age of the population 27
% of the population aged 15 and over 69.3

Marital Status

Total population 15 years and over by marital status 9725
Married or living with a common-law partner 6650
Married (and not separated) 6330
Living common-law 320
Not married and not living with a common-law partner 3075
Single (never legally married) 2570
Separated 115
Divorced 170
Widowed 215

Family Characteristics

Total number of census families in private households 3515
Size of census family: 2 persons 1190
Size of census family: 3 persons 600
Size of census family: 4 persons 735
Size of census family: 5 or more persons 980
Total number of census families in private households 3515
Total couple families by family structure and number of children 3295
Married couples 3140
Without children at home 1020
With children at home 2120
1 child 490
2 children 680
3 or more children 950
Common-law couples 160
Without children at home 80
With children at home 80
1 child 40
2 children 25
3 or more children 20
Total lone-parent families by sex of parent and number of children 215
Female parent 160
1 child 65
2 children 60
3 or more children 35
Male parent 50
1 child 30
2 children 15
3 or more children 10
Total children in census families in private households 6250
Under six years of age 1510
6 to 14 years 2645
15 to 17 years 900
18 to 24 years 970
25 years and over 215
Average number of children at home per census family 1.8

Household And Dwelling Characteristics

Total number of persons in private households 13935
Number of persons not in census families 880
Living with relatives 310
Living with non-relatives only 150
Living alone 420
Number of census family persons 13055
Average number of persons per census family 3.7
Total number of persons 65 years and over in private households 905
Number of persons not in census families aged 65 years and over 160
Living with relatives 25
Living with non-relatives only 10
Living alone 125
Number of census family persons aged 65 years and over 745
Total number of private households by household type 3950
Census-family households 3470
One-family-only households 3245
Couple-family households 3075
Without children 1025
With children 2055
Lone-parent-family households 165
Other family households 225
One-family households with persons not in a census family 180
Couple-family households 155
Without children 45
With children 110
Lone-parent-family households 25
Two-or-more-family households 45
Non-census-family households 485
One-person households 415
Two-or-more-person households 65
Total number of occupied private dwellings by structural type of dwelling 3950
Single-detached house 3550
Apartment, building that has five or more storeys 0
Movable dwelling 80
Other dwelling 325
Semi-detached house 110
Row house 115
Apartment, duplex 20
Apartment, building that has fewer than five storeys 70
Other single-attached house 5
Total number of private households by household size 3950
1 person 415
2 persons 1145
3 persons 580
4 persons 745
5 persons 545
6 or more persons 520
Number of persons in private households 13935
Average number of persons in private households 3.5

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