Real Estate Market Report for
Truro, NS

Updated : Aug 2016
House
  • Median price $174,900
  • Monthly growth 9.38 %
  • Quarterly trend
  • Stock on market 1.60%
Apartment
  • Median price $129,900
  • Monthly growth 0.69 %
  • Quarterly trend
  • Stock on market 0.40%
Truro Home Price

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When looking across the province, Truro is the 502th most expensive in Nova Scotia.

When our research team crunched the numbers we calculated that Truro has a median home price of $174,900.

This month we track 13th neighbourhoods in Nova Scotia, and Truro has the 13th 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 Truro is a good investment target.

In Truro, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

When looking across the province, Truro is the 40th most expensive in Nova Scotia.

The $129,900 price tag on the median Truro home means that it is very cheap in comparison to the rest of the nation.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Truro has a huge choice compared to the rest of the province

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Truro 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.

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

Beds Median price (House) Median price (Apartment)
1 bedroom $54,900
2 bedrooms $119,900
3 bedrooms $156,350
4 bedrooms $168,450
5 bedrooms $185,000
6 bedrooms $234,750
Demographics
  • Population in 201112059
  • Population in 200611765
  • 2006 to 2011 population change (%)2.5
  • Total private dwellings6262
  • Private dwellings occupied by usual residents5756
  • Population density per square kilometre320.5
  • Land area (square km)37.63
  • Age Characteristics
    Total population by age groups 12060
    0 to 4 years 590
    5 to 9 years 485
    10 to 14 years 500
    15 to 19 years 720
    15 years 130
    16 years 150
    17 years 145
    18 years 135
    19 years 160
    20 to 24 years 820
    25 to 29 years 795
    30 to 34 years 665
    35 to 39 years 685
    40 to 44 years 675
    45 to 49 years 880
    50 to 54 years 935
    55 to 59 years 830
    60 to 64 years 815
    65 to 69 years 655
    70 to 74 years 555
    75 to 79 years 520
    80 to 84 years 430
    85 years and over 495
    Median age of the population 45.6
    % of the population aged 15 and over 87
  • Marital Status
    Total population 15 years and over by marital status 10490
    Married or living with a common-law partner 5180
    Married (and not separated) 4120
    Living common-law 1055
    Not married and not living with a common-law partner 5310
    Single (never legally married) 3070
    Separated 450
    Divorced 845
    Widowed 940
    Family Characteristics
    Total number of census families in private households 3220
    Size of census family: 2 persons 1970
    Size of census family: 3 persons 660
    Size of census family: 4 persons 445
    Size of census family: 5 or more persons 155
    Total number of census families in private households 3220
    Total couple families by family structure and number of children 2510
    Married couples 1990
    Without children at home 1145
    With children at home 840
    1 child 385
    2 children 335
    3 or more children 115
    Common-law couples 525
    Without children at home 335
    With children at home 185
    1 child 105
    2 children 55
    3 or more children 25
    Total lone-parent families by sex of parent and number of children 710
    Female parent 580
    1 child 395
    2 children 140
    3 or more children 55
    Male parent 125
    1 child 90
    2 children 30
    3 or more children 10
    Total children in census families in private households 2760
    Under six years of age 705
    6 to 14 years 855
    15 to 17 years 405
    18 to 24 years 520
    25 years and over 275
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 11575
    Number of persons not in census families 3085
    Living with relatives 220
    Living with non-relatives only 570
    Living alone 2295
    Number of census family persons 8490
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 2355
    Number of persons not in census families aged 65 years and over 980
    Living with relatives 70
    Living with non-relatives only 50
    Living alone 860
    Number of census family persons aged 65 years and over 1380
    Total number of private households by household type 5760
    Census-family households 3190
    One-family-only households 2975
    Couple-family households 2375
    Without children 1410
    With children 960
    Lone-parent-family households 595
    Other family households 220
    One-family households with persons not in a census family 190
    Couple-family households 100
    Without children 55
    With children 50
    Lone-parent-family households 85
    Two-or-more-family households 30
    Non-census-family households 2565
    One-person households 2295
    Two-or-more-person households 270
    Total number of occupied private dwellings by structural type of dwelling 5755
    Single-detached house 2665
    Apartment, building that has five or more storeys 5
    Movable dwelling 80
    Other dwelling 3005
    Semi-detached house 175
    Row house 30
    Apartment, duplex 565
    Apartment, building that has fewer than five storeys 2215
    Other single-attached house 20
    Total number of private households by household size 5760
    1 person 2295
    2 persons 2055
    3 persons 730
    4 persons 480
    5 persons 145
    6 or more persons 55
    Number of persons in private households 11580
    Average number of persons in private households 2
Census 2011

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