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Bear River East, NS

Updated: Aug 2016
House
Median price $450,000
Monthly growth 233.33 %
Quarterly trend
Stock on market 0.06%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Bear River East Home Price

Bear River East was Canada’s 546th most expensive suburb by listed median house price this month.

With Bear River East’s median house price at $450,000 in Aug , it is high priced compared to the rest of Nova Scotia.

This month we track 587th neighbourhoods in Nova Scotia, and Bear River East has the 587th most choice available for real estate investors.

Will prices rise across the next year in in Bear River East? There are a number of real estate indicators to consider.

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 Bear River East, 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.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Bear River East 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.

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.

Beds Median price (House) Median price (Apartment)
3 bedrooms $122,150
Demographics
  • Population in 20116008
  • Population in 20066342
  • 2006 to 2011 population change (%)-5.3
  • Total private dwellings3307
  • Private dwellings occupied by usual residents2713
  • Population density per square kilometre9.8
  • Land area (square km)614.2

Age Characteristics

Total population by age groups 6010
0 to 4 years 220
5 to 9 years 245
10 to 14 years 300
15 to 19 years 330
15 years 75
16 years 75
17 years 75
18 years 55
19 years 45
20 to 24 years 200
25 to 29 years 215
30 to 34 years 205
35 to 39 years 295
40 to 44 years 345
45 to 49 years 450
50 to 54 years 545
55 to 59 years 545
60 to 64 years 655
65 to 69 years 500
70 to 74 years 370
75 to 79 years 275
80 to 84 years 150
85 years and over 160
Median age of the population 51.7
% of the population aged 15 and over 87.2

Marital Status

Total population 15 years and over by marital status 5245
Married or living with a common-law partner 3450
Married (and not separated) 2915
Living common-law 535
Not married and not living with a common-law partner 1790
Single (never legally married) 905
Separated 160
Divorced 330
Widowed 395

Family Characteristics

Total number of census families in private households 1945
Size of census family: 2 persons 1265
Size of census family: 3 persons 375
Size of census family: 4 persons 225
Size of census family: 5 or more persons 80
Total number of census families in private households 1950
Total couple families by family structure and number of children 1710
Married couples 1440
Without children at home 980
With children at home 455
1 child 235
2 children 160
3 or more children 65
Common-law couples 270
Without children at home 150
With children at home 120
1 child 60
2 children 40
3 or more children 15
Total lone-parent families by sex of parent and number of children 240
Female parent 180
1 child 95
2 children 55
3 or more children 25
Male parent 65
1 child 40
2 children 15
3 or more children 0
Total children in census families in private households 1340
Under six years of age 265
6 to 14 years 495
15 to 17 years 220
18 to 24 years 220
25 years and over 145
Average number of children at home per census family 0.7

Household And Dwelling Characteristics

Total number of persons in private households 5940
Number of persons not in census families 945
Living with relatives 90
Living with non-relatives only 125
Living alone 730
Number of census family persons 5000
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 1395
Number of persons not in census families aged 65 years and over 420
Living with relatives 45
Living with non-relatives only 25
Living alone 355
Number of census family persons aged 65 years and over 970
Total number of private households by household type 2715
Census-family households 1920
One-family-only households 1825
Couple-family households 1625
Without children 1080
With children 550
Lone-parent-family households 195
Other family households 95
One-family households with persons not in a census family 70
Couple-family households 50
Without children 30
With children 20
Lone-parent-family households 20
Two-or-more-family households 25
Non-census-family households 790
One-person households 730
Two-or-more-person households 65
Total number of occupied private dwellings by structural type of dwelling 2710
Single-detached house 2470
Apartment, building that has five or more storeys 0
Movable dwelling 55
Other dwelling 185
Semi-detached house 85
Row house 50
Apartment, duplex 10
Apartment, building that has fewer than five storeys 35
Other single-attached house 5
Total number of private households by household size 2710
1 person 725
2 persons 1250
3 persons 390
4 persons 235
5 persons 75
6 or more persons 30
Number of persons in private households 5940
Average number of persons in private households 2.2

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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