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Margate, PE

Updated: Aug 2016
House
Median price $419,000
Monthly growth
Quarterly trend
Stock on market 0.53%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Margate Home Price

When looking across the province, Margate is the 7th most expensive in Prince Edward Island.

When our research team crunched the numbers we calculated that Margate has a median home price of $419,000.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across 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 Margate has a pretty average amount compared to the rest of the province

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Margate will hopefully provide an indicator to help you where to research in-depth

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.

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

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

Beds Median price (House) Median price (Apartment)
4 bedrooms $354,450
Demographics
  • Population in 2011847
  • Population in 2006798
  • 2006 to 2011 population change (%)6.1
  • Total private dwellings566
  • Private dwellings occupied by usual residents308
  • Population density per square kilometre11.4
  • Land area (square km)74.08

Age Characteristics

Total population by age groups 845
0 to 4 years 25
5 to 9 years 35
10 to 14 years 45
15 to 19 years 70
15 years 20
16 years 10
17 years 15
18 years 15
19 years 20
20 to 24 years 50
25 to 29 years 25
30 to 34 years 30
35 to 39 years 40
40 to 44 years 55
45 to 49 years 75
50 to 54 years 85
55 to 59 years 60
60 to 64 years 65
65 to 69 years 50
70 to 74 years 25
75 to 79 years 40
80 to 84 years 20
85 years and over 40
Median age of the population 48.2
% of the population aged 15 and over 87.3

Marital Status

Total population 15 years and over by marital status 735
Married or living with a common-law partner 470
Married (and not separated) 425
Living common-law 45
Not married and not living with a common-law partner 265
Single (never legally married) 170
Separated 10
Divorced 35
Widowed 50

Family Characteristics

Total number of census families in private households 250
Size of census family: 2 persons 130
Size of census family: 3 persons 45
Size of census family: 4 persons 50
Size of census family: 5 or more persons 20
Total number of census families in private households 250
Total couple families by family structure and number of children 225
Married couples 200
Without children at home 100
With children at home 105
1 child 40
2 children 45
3 or more children 25
Common-law couples 25
Without children at home 15
With children at home 5
1 child 5
2 children 0
3 or more children 0
Total lone-parent families by sex of parent and number of children 25
Female parent 15
1 child 15
2 children 5
3 or more children 0
Male parent 5
1 child 5
2 children 0
3 or more children 0
Total children in census families in private households 240
Under six years of age 35
6 to 14 years 75
15 to 17 years 45
18 to 24 years 60
25 years and over 20
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 785
Number of persons not in census families 70
Living with relatives 10
Living with non-relatives only 5
Living alone 60
Number of census family persons 710
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 130
Number of persons not in census families aged 65 years and over 25
Living with relatives 0
Living with non-relatives only 0
Living alone 20
Number of census family persons aged 65 years and over 105
Total number of private households by household type 305
Census-family households 245
One-family-only households 235
Couple-family households 215
Without children 110
With children 105
Lone-parent-family households 20
Other family households 10
One-family households with persons not in a census family 5
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 60
One-person households 60
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 310
Single-detached house 300
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 0
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 310
1 person 60
2 persons 125
3 persons 45
4 persons 55
5 persons 20
6 or more persons 5
Number of persons in private households 785
Average number of persons in private households 2.5

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