Real Estate Market Report for
Peace River, AB

Updated : Aug 2016
House
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Apartment
  • Median price $146,400
  • Monthly growth 2.44 %
  • Quarterly trend
  • Stock on market 0.41%
Peace River Home Price

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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.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Peace River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Peace River was Canada’s 881th most expensive suburb by listed median house price this month.

Peace River, Alberta has a median house price of $146,400 when compiling all the home listings in Aug .

Peace River’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 1 bedrooms.

There are 99 neighbourhoods that have more properties on sale than Peace River at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

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

Over the last three months in Peace River, housing stock available seems to be falling – this could mean that homes values might increase faster.

Beds Median price (House) Median price (Apartment)
1 bedroom $149,900
2 bedrooms $132,900
Demographics
  • Population in 20116744
  • Population in 20066315
  • 2006 to 2011 population change (%)6.8
  • Total private dwellings2894
  • Private dwellings occupied by usual residents2591
  • Population density per square kilometre260.2
  • Land area (square km)25.92
  • Age Characteristics
    Total population by age groups 6745
    0 to 4 years 520
    5 to 9 years 485
    10 to 14 years 480
    15 to 19 years 430
    15 years 85
    16 years 80
    17 years 95
    18 years 75
    19 years 90
    20 to 24 years 540
    25 to 29 years 625
    30 to 34 years 550
    35 to 39 years 505
    40 to 44 years 435
    45 to 49 years 505
    50 to 54 years 440
    55 to 59 years 405
    60 to 64 years 230
    65 to 69 years 160
    70 to 74 years 125
    75 to 79 years 135
    80 to 84 years 90
    85 years and over 95
    Median age of the population 32.5
    % of the population aged 15 and over 78
  • Marital Status
    Total population 15 years and over by marital status 5255
    Married or living with a common-law partner 3095
    Married (and not separated) 2460
    Living common-law 640
    Not married and not living with a common-law partner 2160
    Single (never legally married) 1445
    Separated 145
    Divorced 320
    Widowed 245
    Family Characteristics
    Total number of census families in private households 1820
    Size of census family: 2 persons 855
    Size of census family: 3 persons 395
    Size of census family: 4 persons 375
    Size of census family: 5 or more persons 190
    Total number of census families in private households 1820
    Total couple families by family structure and number of children 1515
    Married couples 1195
    Without children at home 525
    With children at home 670
    1 child 215
    2 children 295
    3 or more children 160
    Common-law couples 315
    Without children at home 175
    With children at home 145
    1 child 75
    2 children 50
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 300
    Female parent 235
    1 child 105
    2 children 85
    3 or more children 40
    Male parent 70
    1 child 50
    2 children 15
    3 or more children 10
    Total children in census families in private households 2105
    Under six years of age 605
    6 to 14 years 870
    15 to 17 years 240
    18 to 24 years 300
    25 years and over 85
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 6590
    Number of persons not in census families 1150
    Living with relatives 150
    Living with non-relatives only 320
    Living alone 675
    Number of census family persons 5435
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 480
    Number of persons not in census families aged 65 years and over 180
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 155
    Number of census family persons aged 65 years and over 300
    Total number of private households by household type 2590
    Census-family households 1780
    One-family-only households 1615
    Couple-family households 1380
    Without children 645
    With children 740
    Lone-parent-family households 230
    Other family households 165
    One-family households with persons not in a census family 130
    Couple-family households 80
    Without children 30
    With children 55
    Lone-parent-family households 50
    Two-or-more-family households 35
    Non-census-family households 810
    One-person households 680
    Two-or-more-person households 135
    Total number of occupied private dwellings by structural type of dwelling 2590
    Single-detached house 1615
    Apartment, building that has five or more storeys 0
    Movable dwelling 180
    Other dwelling 800
    Semi-detached house 155
    Row house 115
    Apartment, duplex 45
    Apartment, building that has fewer than five storeys 490
    Other single-attached house 0
    Total number of private households by household size 2590
    1 person 675
    2 persons 865
    3 persons 400
    4 persons 390
    5 persons 175
    6 or more persons 90
    Number of persons in private households 6590
    Average number of persons in private households 2.5
Census 2011

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