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“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."

Milton, NL

Updated: Aug 2016
House
Median price $165,000
Monthly growth -17.45 %
Quarterly trend
Stock on market 0.36%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Milton Home Price

Milton was Canada’s 3595th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $165,000 in Milton was a below average compared to the rest of Newfoundland and Labrador.

Milton’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.

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

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 Milton, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.

Is Milton 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $169,900
Demographics
  • Population in 20111225
  • Population in 20061168
  • 2006 to 2011 population change (%)4.9
  • Total private dwellings838
  • Private dwellings occupied by usual residents505
  • Population density per square kilometre2.5
  • Land area (square km)485.09

Age Characteristics

Total population by age groups 1225
0 to 4 years 65
5 to 9 years 55
10 to 14 years 60
15 to 19 years 50
15 years 10
16 years 5
17 years 5
18 years 20
19 years 10
20 to 24 years 55
25 to 29 years 65
30 to 34 years 95
35 to 39 years 75
40 to 44 years 80
45 to 49 years 105
50 to 54 years 95
55 to 59 years 110
60 to 64 years 110
65 to 69 years 75
70 to 74 years 65
75 to 79 years 40
80 to 84 years 30
85 years and over 20
Median age of the population 46
% of the population aged 15 and over 85.3

Marital Status

Total population 15 years and over by marital status 1045
Married or living with a common-law partner 735
Married (and not separated) 650
Living common-law 85
Not married and not living with a common-law partner 310
Single (never legally married) 180
Separated 15
Divorced 45
Widowed 70

Family Characteristics

Total number of census families in private households 405
Size of census family: 2 persons 235
Size of census family: 3 persons 95
Size of census family: 4 persons 60
Size of census family: 5 or more persons 20
Total number of census families in private households 410
Total couple families by family structure and number of children 365
Married couples 325
Without children at home 185
With children at home 140
1 child 75
2 children 45
3 or more children 15
Common-law couples 45
Without children at home 20
With children at home 20
1 child 10
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 45
Female parent 25
1 child 20
2 children 5
3 or more children 0
Male parent 15
1 child 15
2 children 0
3 or more children 0
Total children in census families in private households 310
Under six years of age 80
6 to 14 years 105
15 to 17 years 25
18 to 24 years 60
25 years and over 50
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 1225
Number of persons not in census families 140
Living with relatives 20
Living with non-relatives only 25
Living alone 90
Number of census family persons 1085
Average number of persons per census family 2.6
Total number of persons 65 years and over in private households 220
Number of persons not in census families aged 65 years and over 65
Living with relatives 15
Living with non-relatives only 5
Living alone 45
Number of census family persons aged 65 years and over 155
Total number of private households by household type 505
Census-family households 405
One-family-only households 375
Couple-family households 345
Without children 190
With children 155
Lone-parent-family households 30
Other family households 30
One-family households with persons not in a census family 25
Couple-family households 10
Without children 10
With children 5
Lone-parent-family households 10
Two-or-more-family households 5
Non-census-family households 100
One-person households 90
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 505
Single-detached house 445
Apartment, building that has five or more storeys 0
Movable dwelling 0
Other dwelling 55
Semi-detached house 5
Row house 0
Apartment, duplex 35
Apartment, building that has fewer than five storeys 20
Other single-attached house 0
Total number of private households by household size 505
1 person 90
2 persons 225
3 persons 105
4 persons 60
5 persons 20
6 or more persons 5
Number of persons in private households 1225
Average number of persons in private households 2.4

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