Real Estate Market Report for
Kars, NB

Updated : Aug 2016
House
  • Median price $198,450
  • Monthly growth 177.74 %
  • Quarterly trend
  • Stock on market 0.58%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Kars Home Price

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Across the country as a whole, Kars is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

The $198,450 price tag on the median Kars home means that it is about average price.

New Brunswick has the seventh most amount of properties available to property investors, with Kars having 306th most in the province, out of a total of 421.

Will prices rise across the next year in in Kars? There are a number of real estate indicators to consider.

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

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

In Kars, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $295,000
Demographics
  • Population in 2011407
  • Population in 2006424
  • 2006 to 2011 population change (%)-4
  • Total private dwellings346
  • Private dwellings occupied by usual residents156
  • Population density per square kilometre5.4
  • Land area (square km)75.96
  • Age Characteristics
    Total population by age groups 410
    0 to 4 years 15
    5 to 9 years 20
    10 to 14 years 20
    15 to 19 years 40
    15 years 10
    16 years 10
    17 years 5
    18 years 5
    19 years 10
    20 to 24 years 15
    25 to 29 years 5
    30 to 34 years 10
    35 to 39 years 25
    40 to 44 years 30
    45 to 49 years 25
    50 to 54 years 40
    55 to 59 years 55
    60 to 64 years 25
    65 to 69 years 30
    70 to 74 years 15
    75 to 79 years 10
    80 to 84 years 5
    85 years and over 15
    Median age of the population 49.9
    % of the population aged 15 and over 84.7
  • Marital Status
    Total population 15 years and over by marital status 345
    Married or living with a common-law partner 240
    Married (and not separated) 215
    Living common-law 25
    Not married and not living with a common-law partner 110
    Single (never legally married) 65
    Separated 10
    Divorced 5
    Widowed 30
    Family Characteristics
    Total number of census families in private households 130
    Size of census family: 2 persons 85
    Size of census family: 3 persons 15
    Size of census family: 4 persons 15
    Size of census family: 5 or more persons 20
    Total number of census families in private households 130
    Total couple families by family structure and number of children 120
    Married couples 110
    Without children at home 65
    With children at home 40
    1 child 15
    2 children 10
    3 or more children 15
    Common-law couples 10
    Without children at home 10
    With children at home 0
    1 child 5
    2 children 0
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 10
    Female parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Male parent 5
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 115
    Under six years of age 15
    6 to 14 years 40
    15 to 17 years 20
    18 to 24 years 20
    25 years and over 10
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 400
    Number of persons not in census families 35
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 25
    Number of census family persons 360
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 70
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 50
    Total number of private households by household type 155
    Census-family households 125
    One-family-only households 115
    Couple-family households 115
    Without children 70
    With children 40
    Lone-parent-family households 5
    Other family households 5
    One-family households with persons not in a census family 0
    Couple-family households 5
    Without children 0
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 30
    One-person households 25
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 160
    Single-detached house 145
    Apartment, building that has five or more storeys 0
    Movable dwelling 10
    Other dwelling 0
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 160
    1 person 25
    2 persons 80
    3 persons 15
    4 persons 10
    5 persons 15
    6 or more persons 5
    Number of persons in private households 400
    Average number of persons in private households 2.6
Census 2011

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