Trending

Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.

Berwick, NB

Updated: Aug 2016
House
Median price $124,900
Monthly growth 14.16 %
Quarterly trend
Stock on market 0.27%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Berwick Home Price

When looking across the province, Berwick is the 264th most expensive in New Brunswick.

Want a cheaply priced house? Then at $124,900 this month, Berwick, New Brunswick is somewhere that you should look at price wise.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

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

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.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

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

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

Find a mortgage broker in Berwick, NB
Beds Median price (House) Median price (Apartment)
3 bedrooms $109,400
Demographics
  • Population in 20113612
  • Population in 20063526
  • 2006 to 2011 population change (%)2.4
  • Total private dwellings1459
  • Private dwellings occupied by usual residents1365
  • Population density per square kilometre8
  • Land area (square km)449.43

Age Characteristics

Total population by age groups 3610
0 to 4 years 185
5 to 9 years 215
10 to 14 years 245
15 to 19 years 270
15 years 50
16 years 55
17 years 45
18 years 60
19 years 55
20 to 24 years 180
25 to 29 years 180
30 to 34 years 185
35 to 39 years 195
40 to 44 years 255
45 to 49 years 310
50 to 54 years 290
55 to 59 years 280
60 to 64 years 295
65 to 69 years 175
70 to 74 years 125
75 to 79 years 110
80 to 84 years 60
85 years and over 60
Median age of the population 43
% of the population aged 15 and over 82.3

Marital Status

Total population 15 years and over by marital status 2970
Married or living with a common-law partner 1960
Married (and not separated) 1720
Living common-law 235
Not married and not living with a common-law partner 1015
Single (never legally married) 645
Separated 70
Divorced 130
Widowed 180

Family Characteristics

Total number of census families in private households 1090
Size of census family: 2 persons 545
Size of census family: 3 persons 240
Size of census family: 4 persons 210
Size of census family: 5 or more persons 100
Total number of census families in private households 1095
Total couple families by family structure and number of children 975
Married couples 860
Without children at home 415
With children at home 440
1 child 180
2 children 175
3 or more children 85
Common-law couples 120
Without children at home 55
With children at home 60
1 child 30
2 children 20
3 or more children 10
Total lone-parent families by sex of parent and number of children 115
Female parent 90
1 child 55
2 children 15
3 or more children 15
Male parent 25
1 child 20
2 children 10
3 or more children 0
Total children in census families in private households 1115
Under six years of age 215
6 to 14 years 415
15 to 17 years 150
18 to 24 years 225
25 years and over 105
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 3555
Number of persons not in census families 375
Living with relatives 40
Living with non-relatives only 60
Living alone 275
Number of census family persons 3180
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 495
Number of persons not in census families aged 65 years and over 135
Living with relatives 15
Living with non-relatives only 5
Living alone 110
Number of census family persons aged 65 years and over 360
Total number of private households by household type 1365
Census-family households 1065
One-family-only households 1000
Couple-family households 915
Without children 445
With children 475
Lone-parent-family households 80
Other family households 65
One-family households with persons not in a census family 40
Couple-family households 25
Without children 10
With children 15
Lone-parent-family households 15
Two-or-more-family households 25
Non-census-family households 300
One-person households 275
Two-or-more-person households 30
Total number of occupied private dwellings by structural type of dwelling 1365
Single-detached house 1205
Apartment, building that has five or more storeys 0
Movable dwelling 105
Other dwelling 55
Semi-detached house 10
Row house 5
Apartment, duplex 0
Apartment, building that has fewer than five storeys 35
Other single-attached house 5
Total number of private households by household size 1365
1 person 275
2 persons 520
3 persons 235
4 persons 220
5 persons 75
6 or more persons 45
Number of persons in private households 3550
Average number of persons in private households 2.6

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

Useful Links

Advertisement

Website Managed By

© 2023 Canadian Estate Wealth. All Rights Reserved by Merged Media