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Albany, PE

Updated: Aug 2016
House
Median price $147,450
Monthly growth
Quarterly trend
Stock on market 0.94%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Albany Home Price

Canada’s national median home listing price this month is $290,900, which means that Albany is in the bottom 40% for Canada.

The median house price listed in Albany this month is $147,450.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

This month we track 63th neighbourhoods in Prince Edward Island, and Albany has the 63th most choice available for real estate investors.

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

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

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

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Find a mortgage broker in Albany, PE
Beds Median price (House) Median price (Apartment)
3 bedrooms $139,900
Demographics
  • Population in 2011806
  • Population in 2006822
  • 2006 to 2011 population change (%)-1.9
  • Total private dwellings426
  • Private dwellings occupied by usual residents316
  • Population density per square kilometre10.6
  • Land area (square km)75.97

Age Characteristics

Total population by age groups 805
0 to 4 years 30
5 to 9 years 55
10 to 14 years 55
15 to 19 years 60
15 years 10
16 years 5
17 years 15
18 years 10
19 years 15
20 to 24 years 45
25 to 29 years 35
30 to 34 years 40
35 to 39 years 45
40 to 44 years 60
45 to 49 years 70
50 to 54 years 75
55 to 59 years 55
60 to 64 years 55
65 to 69 years 40
70 to 74 years 30
75 to 79 years 20
80 to 84 years 20
85 years and over 15
Median age of the population 42.9
% of the population aged 15 and over 82.8

Marital Status

Total population 15 years and over by marital status 670
Married or living with a common-law partner 410
Married (and not separated) 365
Living common-law 40
Not married and not living with a common-law partner 255
Single (never legally married) 170
Separated 25
Divorced 30
Widowed 30

Family Characteristics

Total number of census families in private households 235
Size of census family: 2 persons 120
Size of census family: 3 persons 45
Size of census family: 4 persons 35
Size of census family: 5 or more persons 35
Total number of census families in private households 235
Total couple families by family structure and number of children 205
Married couples 185
Without children at home 85
With children at home 95
1 child 35
2 children 40
3 or more children 30
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 30
Female parent 20
1 child 15
2 children 5
3 or more children 5
Male parent 10
1 child 10
2 children 5
3 or more children 0
Total children in census families in private households 260
Under six years of age 45
6 to 14 years 95
15 to 17 years 35
18 to 24 years 60
25 years and over 30
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 805
Number of persons not in census families 110
Living with relatives 20
Living with non-relatives only 15
Living alone 75
Number of census family persons 695
Average number of persons per census family 3
Total number of persons 65 years and over in private households 120
Number of persons not in census families aged 65 years and over 40
Living with relatives 10
Living with non-relatives only 5
Living alone 25
Number of census family persons aged 65 years and over 80
Total number of private households by household type 315
Census-family households 230
One-family-only households 220
Couple-family households 190
Without children 90
With children 100
Lone-parent-family households 30
Other family households 10
One-family households with persons not in a census family 10
Couple-family households 5
Without children 5
With children 0
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 90
One-person households 75
Two-or-more-person households 10
Total number of occupied private dwellings by structural type of dwelling 315
Single-detached house 300
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 5
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 5
Other single-attached house 0
Total number of private households by household size 315
1 person 75
2 persons 125
3 persons 45
4 persons 40
5 persons 25
6 or more persons 10
Number of persons in private households 805
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.

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