Real Estate Market Report for
Montague, PE

Updated : Aug 2016
House
  • Median price $161,500
  • Monthly growth 29.25 %
  • Quarterly trend
  • Stock on market 3.60%
Apartment
  • Median price $250,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.34%
Montague Home Price

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Montague was Canada’s 3671th most expensive suburb by listed median house price this month.

While the median for Prince Edward Island is $179,600 , which means that Montague’s median price is $161,500 below average than the rest of the province.

Investors looking for properties in Montague are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

Prince Edward Island has the fourth least amount of properties available to property investors, with Montague having 4th most in the province, out of a total of 218.

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

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 Montague have increased which would tend to indicate that demand is not as high as supply.

In Aug the median listed house price of $250,000 in Montague was a below average compared to the rest of Prince Edward Island.

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 13 neighbourhoods that have more properties on sale than Montague at the moment in Prince Edward Island which puts the neighbourhood middle range when looking at the number of properties to choose from.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Montague needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

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 $160,000
3 bedrooms $172,450
4 bedrooms $142,900
6 bedrooms $202,250
Demographics
  • Population in 20111895
  • Population in 20061802
  • 2006 to 2011 population change (%)5.2
  • Total private dwellings888
  • Private dwellings occupied by usual residents843
  • Population density per square kilometre622.7
  • Land area (square km)3.04
  • Age Characteristics
    Total population by age groups 1895
    0 to 4 years 100
    5 to 9 years 95
    10 to 14 years 115
    15 to 19 years 115
    15 years 20
    16 years 25
    17 years 30
    18 years 25
    19 years 15
    20 to 24 years 110
    25 to 29 years 90
    30 to 34 years 85
    35 to 39 years 100
    40 to 44 years 100
    45 to 49 years 100
    50 to 54 years 125
    55 to 59 years 150
    60 to 64 years 135
    65 to 69 years 120
    70 to 74 years 95
    75 to 79 years 90
    80 to 84 years 75
    85 years and over 95
    Median age of the population 47.2
    % of the population aged 15 and over 83.5
  • Marital Status
    Total population 15 years and over by marital status 1585
    Married or living with a common-law partner 685
    Married (and not separated) 570
    Living common-law 120
    Not married and not living with a common-law partner 895
    Single (never legally married) 465
    Separated 65
    Divorced 125
    Widowed 240
    Family Characteristics
    Total number of census families in private households 490
    Size of census family: 2 persons 285
    Size of census family: 3 persons 100
    Size of census family: 4 persons 75
    Size of census family: 5 or more persons 35
    Total number of census families in private households 490
    Total couple families by family structure and number of children 340
    Married couples 280
    Without children at home 175
    With children at home 105
    1 child 35
    2 children 40
    3 or more children 20
    Common-law couples 55
    Without children at home 30
    With children at home 30
    1 child 20
    2 children 10
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 155
    Female parent 130
    1 child 65
    2 children 40
    3 or more children 30
    Male parent 20
    1 child 20
    2 children 0
    3 or more children 0
    Total children in census families in private households 510
    Under six years of age 115
    6 to 14 years 195
    15 to 17 years 65
    18 to 24 years 80
    25 years and over 50
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1775
    Number of persons not in census families 430
    Living with relatives 35
    Living with non-relatives only 80
    Living alone 325
    Number of census family persons 1340
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 375
    Number of persons not in census families aged 65 years and over 180
    Living with relatives 15
    Living with non-relatives only 10
    Living alone 150
    Number of census family persons aged 65 years and over 195
    Total number of private households by household type 845
    Census-family households 480
    One-family-only households 455
    Couple-family households 320
    Without children 190
    With children 135
    Lone-parent-family households 135
    Other family households 25
    One-family households with persons not in a census family 15
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 10
    Two-or-more-family households 10
    Non-census-family households 360
    One-person households 320
    Two-or-more-person households 40
    Total number of occupied private dwellings by structural type of dwelling 845
    Single-detached house 430
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 385
    Semi-detached house 90
    Row house 115
    Apartment, duplex 15
    Apartment, building that has fewer than five storeys 170
    Other single-attached house 0
    Total number of private households by household size 840
    1 person 325
    2 persons 290
    3 persons 105
    4 persons 85
    5 persons 30
    6 or more persons 10
    Number of persons in private households 1770
    Average number of persons in private households 2.1
Census 2011

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