Real Estate Market Report for
New Glasgow, NS

Updated : Aug 2016
House
  • Median price $139,900
  • Monthly growth 28.40 %
  • Quarterly trend
  • Stock on market 2.84%
Apartment
  • Median price $69,500
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.42%
New Glasgow 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

The $139,900 price tag on the median New Glasgow home means that it is below the national norm.

There are 825 neighbourhoods that have more properties on sale than New Glasgow at the moment in Nova Scotia which puts the neighbourhood in the top 20% 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 New Glasgow will hopefully provide an indicator to help you where to research in-depth

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 New Glasgow, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 135, this month we show 129.

While the median for Nova Scotia is $219,900 , which means that New Glasgow’s median price is $69,500 a lot lower than the rest of the province.

Nova Scotia has the sixth least amount of properties available to property investors, with New Glasgow having 6th most in the province, out of a total of 51.

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

In New Glasgow, 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.

Beds Median price (House) Median price (Apartment)
2 bedrooms $97,500
3 bedrooms $149,900
4 bedrooms $201,500
5 bedrooms $154,950
6 bedrooms $157,250
Demographics
  • Population in 20119562
  • Population in 20069455
  • 2006 to 2011 population change (%)1.1
  • Total private dwellings4548
  • Private dwellings occupied by usual residents4270
  • Population density per square kilometre963.3
  • Land area (square km)9.93
  • Age Characteristics
    Total population by age groups 9560
    0 to 4 years 455
    5 to 9 years 440
    10 to 14 years 525
    15 to 19 years 595
    15 years 115
    16 years 100
    17 years 125
    18 years 135
    19 years 115
    20 to 24 years 530
    25 to 29 years 480
    30 to 34 years 525
    35 to 39 years 520
    40 to 44 years 545
    45 to 49 years 725
    50 to 54 years 765
    55 to 59 years 765
    60 to 64 years 665
    65 to 69 years 490
    70 to 74 years 395
    75 to 79 years 395
    80 to 84 years 310
    85 years and over 425
    Median age of the population 46.1
    % of the population aged 15 and over 85.1
  • Marital Status
    Total population 15 years and over by marital status 8140
    Married or living with a common-law partner 4155
    Married (and not separated) 3455
    Living common-law 705
    Not married and not living with a common-law partner 3985
    Single (never legally married) 2225
    Separated 285
    Divorced 665
    Widowed 805
    Family Characteristics
    Total number of census families in private households 2630
    Size of census family: 2 persons 1495
    Size of census family: 3 persons 535
    Size of census family: 4 persons 435
    Size of census family: 5 or more persons 165
    Total number of census families in private households 2630
    Total couple families by family structure and number of children 2035
    Married couples 1685
    Without children at home 930
    With children at home 755
    1 child 300
    2 children 335
    3 or more children 120
    Common-law couples 350
    Without children at home 185
    With children at home 165
    1 child 85
    2 children 45
    3 or more children 30
    Total lone-parent families by sex of parent and number of children 595
    Female parent 490
    1 child 305
    2 children 130
    3 or more children 60
    Male parent 105
    1 child 70
    2 children 20
    3 or more children 10
    Total children in census families in private households 2540
    Under six years of age 530
    6 to 14 years 870
    15 to 17 years 330
    18 to 24 years 510
    25 years and over 300
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 9225
    Number of persons not in census families 2025
    Living with relatives 200
    Living with non-relatives only 280
    Living alone 1550
    Number of census family persons 7205
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 1750
    Number of persons not in census families aged 65 years and over 755
    Living with relatives 70
    Living with non-relatives only 30
    Living alone 665
    Number of census family persons aged 65 years and over 995
    Total number of private households by household type 4270
    Census-family households 2585
    One-family-only households 2390
    Couple-family households 1915
    Without children 1050
    With children 865
    Lone-parent-family households 475
    Other family households 195
    One-family households with persons not in a census family 145
    Couple-family households 70
    Without children 30
    With children 35
    Lone-parent-family households 75
    Two-or-more-family households 50
    Non-census-family households 1685
    One-person households 1550
    Two-or-more-person households 140
    Total number of occupied private dwellings by structural type of dwelling 4270
    Single-detached house 2630
    Apartment, building that has five or more storeys 5
    Movable dwelling 65
    Other dwelling 1570
    Semi-detached house 235
    Row house 120
    Apartment, duplex 140
    Apartment, building that has fewer than five storeys 1065
    Other single-attached house 10
    Total number of private households by household size 4270
    1 person 1550
    2 persons 1460
    3 persons 580
    4 persons 475
    5 persons 145
    6 or more persons 65
    Number of persons in private households 9225
    Average number of persons in private households 2.2
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

Is a T.O foreign sales tax a good idea?