Real Estate Market Report for
Georgetown, PE

Updated : Aug 2016
House
  • Median price $132,450
  • Monthly growth 33.78 %
  • Quarterly trend
  • Stock on market 3.51%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Georgetown 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

Canada’s national median home listing price this month is $290,900, which means that Georgetown is in the cheapest 20% for Canada.

The $132,450 price tag on the median Georgetown home means that it is very cheap in comparison to the rest of the nation.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Georgetown has a huge choice compared to the rest of the province

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Georgetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 11, this month we show 10.

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

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)
2 bedrooms $125,000
3 bedrooms $99,000
4 bedrooms $217,450
Demographics
  • Population in 2011675
  • Population in 2006634
  • 2006 to 2011 population change (%)6.5
  • Total private dwellings285
  • Private dwellings occupied by usual residents228
  • Population density per square kilometre409.6
  • Land area (square km)1.65
  • Age Characteristics
    Total population by age groups 675
    0 to 4 years 20
    5 to 9 years 30
    10 to 14 years 60
    15 to 19 years 45
    15 years 10
    16 years 5
    17 years 10
    18 years 5
    19 years 10
    20 to 24 years 30
    25 to 29 years 35
    30 to 34 years 55
    35 to 39 years 55
    40 to 44 years 75
    45 to 49 years 55
    50 to 54 years 60
    55 to 59 years 40
    60 to 64 years 50
    65 to 69 years 25
    70 to 74 years 15
    75 to 79 years 10
    80 to 84 years 10
    85 years and over 5
    Median age of the population 41.1
    % of the population aged 15 and over 84.1
  • Marital Status
    Total population 15 years and over by marital status 570
    Married or living with a common-law partner 350
    Married (and not separated) 300
    Living common-law 55
    Not married and not living with a common-law partner 215
    Single (never legally married) 125
    Separated 20
    Divorced 40
    Widowed 25
    Family Characteristics
    Total number of census families in private households 170
    Size of census family: 2 persons 80
    Size of census family: 3 persons 40
    Size of census family: 4 persons 30
    Size of census family: 5 or more persons 15
    Total number of census families in private households 170
    Total couple families by family structure and number of children 135
    Married couples 105
    Without children at home 45
    With children at home 60
    1 child 25
    2 children 20
    3 or more children 10
    Common-law couples 25
    Without children at home 10
    With children at home 15
    1 child 10
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 30
    Female parent 20
    1 child 10
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 190
    Under six years of age 25
    6 to 14 years 80
    15 to 17 years 30
    18 to 24 years 35
    25 years and over 25
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 585
    Number of persons not in census families 95
    Living with relatives 25
    Living with non-relatives only 20
    Living alone 50
    Number of census family persons 490
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 75
    Number of persons not in census families aged 65 years and over 40
    Living with relatives 10
    Living with non-relatives only 0
    Living alone 25
    Number of census family persons aged 65 years and over 35
    Total number of private households by household type 225
    Census-family households 170
    One-family-only households 155
    Couple-family households 125
    Without children 50
    With children 70
    Lone-parent-family households 30
    Other family households 15
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 0
    Non-census-family households 60
    One-person households 50
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 225
    Single-detached house 190
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 35
    Semi-detached house 10
    Row house 10
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 15
    Other single-attached house 0
    Total number of private households by household size 225
    1 person 50
    2 persons 80
    3 persons 45
    4 persons 35
    5 persons 15
    6 or more persons 5
    Number of persons in private households 585
    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?