Real Estate Market Report for
Souris, PE

Updated : Aug 2016
House
  • Median price $79,900
  • Monthly growth 0.50 %
  • Quarterly trend
  • Stock on market 2.00%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Souris 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

When looking across the province, Souris is the 201th most expensive in Prince Edward Island.

While the median for Prince Edward Island is $179,600 , which means that Souris’s median price is $79,900 a lot lower than the rest of the province.

If you’re looking at investment properties in Souris, then you’re most likely to find homes with 3 bedrooms on sale this month.

There are 218 neighbourhoods that have more properties on sale than Souris at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

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

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 Souris, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 11, this month we show 11.

Can we guarantee how well Souris is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

If you are looking at investment properties in Souris, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
2 bedrooms $101,200
3 bedrooms $94,900
5 bedrooms $155,750
Demographics
  • Population in 20111173
  • Population in 20061232
  • 2006 to 2011 population change (%)-4.8
  • Total private dwellings550
  • Private dwellings occupied by usual residents484
  • Population density per square kilometre342.8
  • Land area (square km)3.42
  • Age Characteristics
    Total population by age groups 1170
    0 to 4 years 65
    5 to 9 years 55
    10 to 14 years 70
    15 to 19 years 75
    15 years 20
    16 years 20
    17 years 15
    18 years 10
    19 years 5
    20 to 24 years 65
    25 to 29 years 45
    30 to 34 years 55
    35 to 39 years 55
    40 to 44 years 70
    45 to 49 years 80
    50 to 54 years 95
    55 to 59 years 85
    60 to 64 years 85
    65 to 69 years 70
    70 to 74 years 55
    75 to 79 years 45
    80 to 84 years 45
    85 years and over 60
    Median age of the population 47
    % of the population aged 15 and over 83.6
  • Marital Status
    Total population 15 years and over by marital status 980
    Married or living with a common-law partner 455
    Married (and not separated) 385
    Living common-law 75
    Not married and not living with a common-law partner 525
    Single (never legally married) 290
    Separated 50
    Divorced 60
    Widowed 125
    Family Characteristics
    Total number of census families in private households 305
    Size of census family: 2 persons 165
    Size of census family: 3 persons 70
    Size of census family: 4 persons 45
    Size of census family: 5 or more persons 25
    Total number of census families in private households 305
    Total couple families by family structure and number of children 215
    Married couples 180
    Without children at home 95
    With children at home 85
    1 child 35
    2 children 30
    3 or more children 20
    Common-law couples 35
    Without children at home 20
    With children at home 15
    1 child 10
    2 children 10
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 90
    Female parent 75
    1 child 40
    2 children 20
    3 or more children 15
    Male parent 15
    1 child 15
    2 children 5
    3 or more children 0
    Total children in census families in private households 340
    Under six years of age 80
    6 to 14 years 115
    15 to 17 years 50
    18 to 24 years 65
    25 years and over 30
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1085
    Number of persons not in census families 220
    Living with relatives 25
    Living with non-relatives only 30
    Living alone 165
    Number of census family persons 865
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 210
    Number of persons not in census families aged 65 years and over 95
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 80
    Number of census family persons aged 65 years and over 110
    Total number of private households by household type 480
    Census-family households 300
    One-family-only households 275
    Couple-family households 200
    Without children 105
    With children 95
    Lone-parent-family households 75
    Other family households 25
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 10
    Two-or-more-family households 5
    Non-census-family households 185
    One-person households 170
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 485
    Single-detached house 295
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 155
    Semi-detached house 45
    Row house 55
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 55
    Other single-attached house 5
    Total number of private households by household size 485
    1 person 170
    2 persons 170
    3 persons 60
    4 persons 55
    5 persons 15
    6 or more persons 15
    Number of persons in private households 1085
    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

Have your investment plans changed for 2017?