Real Estate Market Report for
Union Road, PE

Updated : May 2016
House
  • Median price $179,998
  • Monthly growth 43.99 %
  • Quarterly trend
  • Stock on market 2.47%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Union Road Home Price

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Across the country as a whole, Union Road is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

Want a cheaply priced house? Then at $179,997 this month, Union Road, Prince Edward Island is a possibility for you price wise.

Prince Edward Island has the fourth least amount of properties available to property investors, with Union Road having 125th most in the province, out of a total of 198.

Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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 Union Road, 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 2, this month we show 2.

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.

As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Union Road 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.

If you are looking at investment properties in Union Road, 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 $119,750
Demographics
  • Population in 2011235
  • Population in 2006245
  • 2006 to 2011 population change (%)-4.1
  • Total private dwellings81
  • Private dwellings occupied by usual residents79
  • Population density per square kilometre23.6
  • Land area (square km)9.95
  • Age Characteristics
    Total population by age groups 235
    0 to 4 years 15
    5 to 9 years 10
    10 to 14 years 15
    15 to 19 years 20
    15 years 5
    16 years 0
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 10
    25 to 29 years 15
    30 to 34 years 15
    35 to 39 years 10
    40 to 44 years 20
    45 to 49 years 25
    50 to 54 years 15
    55 to 59 years 25
    60 to 64 years 20
    65 to 69 years 5
    70 to 74 years 10
    75 to 79 years 0
    80 to 84 years 0
    85 years and over 0
    Median age of the population 40.9
    % of the population aged 15 and over 83.4
  • Marital Status
    Total population 15 years and over by marital status 195
    Married or living with a common-law partner 135
    Married (and not separated) 120
    Living common-law 10
    Not married and not living with a common-law partner 65
    Single (never legally married) 50
    Separated 0
    Divorced 5
    Widowed 5
    Family Characteristics
    Total number of census families in private households 75
    Size of census family: 2 persons 35
    Size of census family: 3 persons 15
    Size of census family: 4 persons 20
    Size of census family: 5 or more persons 5
    Total number of census families in private households 75
    Total couple families by family structure and number of children 70
    Married couples 60
    Without children at home 25
    With children at home 30
    1 child 15
    2 children 20
    3 or more children 5
    Common-law couples 5
    Without children at home 0
    With children at home 0
    1 child 0
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 5
    Female parent 5
    1 child 0
    2 children 5
    3 or more children 0
    Male parent 0
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 80
    Under six years of age 15
    6 to 14 years 25
    15 to 17 years 10
    18 to 24 years 20
    25 years and over 15
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 235
    Number of persons not in census families 15
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 10
    Number of census family persons 220
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 15
    Number of persons not in census families aged 65 years and over 0
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 0
    Number of census family persons aged 65 years and over 15
    Total number of private households by household type 80
    Census-family households 70
    One-family-only households 65
    Couple-family households 60
    Without children 20
    With children 35
    Lone-parent-family households 0
    Other family households 10
    One-family households with persons not in a census family 0
    Couple-family households 5
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 10
    One-person households 10
    Two-or-more-person households 0
    Total number of occupied private dwellings by structural type of dwelling 80
    Single-detached house 75
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 5
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 80
    1 person 10
    2 persons 25
    3 persons 15
    4 persons 20
    5 persons 5
    6 or more persons 0
    Number of persons in private households 235
    Average number of persons in private households 2.9
Census 2011

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