Real Estate Market Report for
Summerside, PE

Updated : Aug 2016
House
  • Median price $169,900
  • Monthly growth 42.77 %
  • Quarterly trend
  • Stock on market 2.40%
Apartment
  • Median price $149,900
  • Monthly growth 82.36 %
  • Quarterly trend
  • Stock on market 0.38%
Summerside 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

Summerside was Canada’s 3482th most expensive suburb by listed median house price this month.

The $169,900 price tag on the median Summerside home means that it is below the national norm.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 1st neighbourhoods in Prince Edward Island, and Summerside has the 1st most choice available for real estate investors.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Summerside was Canada’s 848th most expensive suburb by listed median house price this month.

When our research team crunched the numbers we calculated that Summerside has a median home price of $149,900.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 2nd neighbourhoods in Prince Edward Island, and Summerside has the 2nd most choice available for real estate investors.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerside there is more stock than three months ago. This would indicate pressure on prices easing.

Beds Median price (House) Median price (Apartment)
1 bedroom $47,450
2 bedrooms $142,400 $117,400
3 bedrooms $159,900
4 bedrooms $173,000 $114,700
5 bedrooms $199,000
6 bedrooms $289,900
Demographics
  • Population in 201114751
  • Population in 200614500
  • 2006 to 2011 population change (%)1.7
  • Total private dwellings6620
  • Private dwellings occupied by usual residents6269
  • Population density per square kilometre520.1
  • Land area (square km)28.36
  • Age Characteristics
    Total population by age groups 14755
    0 to 4 years 775
    5 to 9 years 790
    10 to 14 years 905
    15 to 19 years 955
    15 years 205
    16 years 190
    17 years 200
    18 years 170
    19 years 185
    20 to 24 years 785
    25 to 29 years 790
    30 to 34 years 770
    35 to 39 years 855
    40 to 44 years 930
    45 to 49 years 1175
    50 to 54 years 1150
    55 to 59 years 1060
    60 to 64 years 1050
    65 to 69 years 740
    70 to 74 years 645
    75 to 79 years 595
    80 to 84 years 380
    85 years and over 415
    Median age of the population 44.1
    % of the population aged 15 and over 83.3
  • Marital Status
    Total population 15 years and over by marital status 12285
    Married or living with a common-law partner 7000
    Married (and not separated) 5850
    Living common-law 1145
    Not married and not living with a common-law partner 5290
    Single (never legally married) 3045
    Separated 455
    Divorced 830
    Widowed 945
    Family Characteristics
    Total number of census families in private households 4295
    Size of census family: 2 persons 2385
    Size of census family: 3 persons 910
    Size of census family: 4 persons 690
    Size of census family: 5 or more persons 310
    Total number of census families in private households 4290
    Total couple families by family structure and number of children 3440
    Married couples 2870
    Without children at home 1575
    With children at home 1290
    1 child 505
    2 children 540
    3 or more children 250
    Common-law couples 570
    Without children at home 305
    With children at home 265
    1 child 150
    2 children 75
    3 or more children 45
    Total lone-parent families by sex of parent and number of children 855
    Female parent 710
    1 child 415
    2 children 220
    3 or more children 80
    Male parent 140
    1 child 90
    2 children 40
    3 or more children 10
    Total children in census families in private households 4150
    Under six years of age 925
    6 to 14 years 1530
    15 to 17 years 575
    18 to 24 years 730
    25 years and over 390
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 14400
    Number of persons not in census families 2515
    Living with relatives 205
    Living with non-relatives only 465
    Living alone 1850
    Number of census family persons 11880
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 2495
    Number of persons not in census families aged 65 years and over 890
    Living with relatives 60
    Living with non-relatives only 50
    Living alone 775
    Number of census family persons aged 65 years and over 1605
    Total number of private households by household type 6270
    Census-family households 4215
    One-family-only households 3955
    Couple-family households 3245
    Without children 1780
    With children 1470
    Lone-parent-family households 710
    Other family households 260
    One-family households with persons not in a census family 185
    Couple-family households 105
    Without children 60
    With children 55
    Lone-parent-family households 80
    Two-or-more-family households 70
    Non-census-family households 2050
    One-person households 1850
    Two-or-more-person households 200
    Total number of occupied private dwellings by structural type of dwelling 6265
    Single-detached house 3425
    Apartment, building that has five or more storeys 0
    Movable dwelling 445
    Other dwelling 2400
    Semi-detached house 655
    Row house 475
    Apartment, duplex 205
    Apartment, building that has fewer than five storeys 1055
    Other single-attached house 15
    Total number of private households by household size 6270
    1 person 1850
    2 persons 2345
    3 persons 955
    4 persons 740
    5 persons 280
    6 or more persons 100
    Number of persons in private households 14400
    Average number of persons in private households 2.3
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?