Real Estate Market Report for
Mill River East, PE

Updated : Aug 2016
House
  • Median price $251,394
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.46%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Mill River East Home Price

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Across the country as a whole, Mill River East is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

The $251,394 price tag on the median Mill River East home means that it is above the cost of most houses in the country.

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

In Mill River East, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Mill River East 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.

Beds Median price (House) Median price (Apartment)
3 bedrooms $209,700
Demographics
  • Population in 20111337
  • Population in 20061253
  • 2006 to 2011 population change (%)6.7
  • Total private dwellings869
  • Private dwellings occupied by usual residents499
  • Population density per square kilometre16.6
  • Land area (square km)80.61
  • Age Characteristics
    Total population by age groups 1335
    0 to 4 years 60
    5 to 9 years 80
    10 to 14 years 95
    15 to 19 years 100
    15 years 25
    16 years 25
    17 years 15
    18 years 20
    19 years 20
    20 to 24 years 75
    25 to 29 years 55
    30 to 34 years 75
    35 to 39 years 100
    40 to 44 years 90
    45 to 49 years 90
    50 to 54 years 110
    55 to 59 years 105
    60 to 64 years 130
    65 to 69 years 80
    70 to 74 years 40
    75 to 79 years 30
    80 to 84 years 10
    85 years and over 10
    Median age of the population 42.6
    % of the population aged 15 and over 82.5
  • Marital Status
    Total population 15 years and over by marital status 1105
    Married or living with a common-law partner 765
    Married (and not separated) 695
    Living common-law 65
    Not married and not living with a common-law partner 340
    Single (never legally married) 235
    Separated 30
    Divorced 30
    Widowed 45
    Family Characteristics
    Total number of census families in private households 420
    Size of census family: 2 persons 220
    Size of census family: 3 persons 75
    Size of census family: 4 persons 80
    Size of census family: 5 or more persons 45
    Total number of census families in private households 420
    Total couple families by family structure and number of children 375
    Married couples 345
    Without children at home 170
    With children at home 170
    1 child 55
    2 children 75
    3 or more children 40
    Common-law couples 30
    Without children at home 20
    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 40
    Female parent 35
    1 child 20
    2 children 10
    3 or more children 5
    Male parent 5
    1 child 10
    2 children 0
    3 or more children 0
    Total children in census families in private households 425
    Under six years of age 75
    6 to 14 years 160
    15 to 17 years 60
    18 to 24 years 90
    25 years and over 45
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1335
    Number of persons not in census families 110
    Living with relatives 20
    Living with non-relatives only 15
    Living alone 75
    Number of census family persons 1225
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 175
    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 30
    Number of census family persons aged 65 years and over 135
    Total number of private households by household type 500
    Census-family households 415
    One-family-only households 390
    Couple-family households 355
    Without children 185
    With children 175
    Lone-parent-family households 35
    Other family households 20
    One-family households with persons not in a census family 10
    Couple-family households 10
    Without children 5
    With children 10
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 85
    One-person households 75
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 495
    Single-detached house 475
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    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 500
    1 person 80
    2 persons 210
    3 persons 70
    4 persons 85
    5 persons 40
    6 or more persons 10
    Number of persons in private households 1335
    Average number of persons in private households 2.7
Census 2011

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