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Peace River, AB

Updated: Aug 2016
House
Median price
Monthly growth
Quarterly trend
Stock on market
Apartment
Median price $146,400
Monthly growth 2.44 %
Quarterly trend
Stock on market 0.41%

Peace River Home Price

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

When we look at the data we have, it can help with trying to establish whether or not Peace River 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 Peace River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Peace River was Canada’s 881th most expensive suburb by listed median house price this month.

Peace River, Alberta has a median house price of $146,400 when compiling all the home listings in Aug .

Peace River’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 1 bedrooms.

There are 99 neighbourhoods that have more properties on sale than Peace River at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.

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

Over the last three months in Peace River, housing stock available seems to be falling – this could mean that homes values might increase faster.

Find a mortgage broker in Peace River, AB
Beds Median price (House) Median price (Apartment)
1 bedroom $149,900
2 bedrooms $132,900
Demographics
  • Population in 20116744
  • Population in 20066315
  • 2006 to 2011 population change (%)6.8
  • Total private dwellings2894
  • Private dwellings occupied by usual residents2591
  • Population density per square kilometre260.2
  • Land area (square km)25.92

Age Characteristics

Total population by age groups 6745
0 to 4 years 520
5 to 9 years 485
10 to 14 years 480
15 to 19 years 430
15 years 85
16 years 80
17 years 95
18 years 75
19 years 90
20 to 24 years 540
25 to 29 years 625
30 to 34 years 550
35 to 39 years 505
40 to 44 years 435
45 to 49 years 505
50 to 54 years 440
55 to 59 years 405
60 to 64 years 230
65 to 69 years 160
70 to 74 years 125
75 to 79 years 135
80 to 84 years 90
85 years and over 95
Median age of the population 32.5
% of the population aged 15 and over 78

Marital Status

Total population 15 years and over by marital status 5255
Married or living with a common-law partner 3095
Married (and not separated) 2460
Living common-law 640
Not married and not living with a common-law partner 2160
Single (never legally married) 1445
Separated 145
Divorced 320
Widowed 245

Family Characteristics

Total number of census families in private households 1820
Size of census family: 2 persons 855
Size of census family: 3 persons 395
Size of census family: 4 persons 375
Size of census family: 5 or more persons 190
Total number of census families in private households 1820
Total couple families by family structure and number of children 1515
Married couples 1195
Without children at home 525
With children at home 670
1 child 215
2 children 295
3 or more children 160
Common-law couples 315
Without children at home 175
With children at home 145
1 child 75
2 children 50
3 or more children 20
Total lone-parent families by sex of parent and number of children 300
Female parent 235
1 child 105
2 children 85
3 or more children 40
Male parent 70
1 child 50
2 children 15
3 or more children 10
Total children in census families in private households 2105
Under six years of age 605
6 to 14 years 870
15 to 17 years 240
18 to 24 years 300
25 years and over 85
Average number of children at home per census family 1.2

Household And Dwelling Characteristics

Total number of persons in private households 6590
Number of persons not in census families 1150
Living with relatives 150
Living with non-relatives only 320
Living alone 675
Number of census family persons 5435
Average number of persons per census family 3
Total number of persons 65 years and over in private households 480
Number of persons not in census families aged 65 years and over 180
Living with relatives 10
Living with non-relatives only 10
Living alone 155
Number of census family persons aged 65 years and over 300
Total number of private households by household type 2590
Census-family households 1780
One-family-only households 1615
Couple-family households 1380
Without children 645
With children 740
Lone-parent-family households 230
Other family households 165
One-family households with persons not in a census family 130
Couple-family households 80
Without children 30
With children 55
Lone-parent-family households 50
Two-or-more-family households 35
Non-census-family households 810
One-person households 680
Two-or-more-person households 135
Total number of occupied private dwellings by structural type of dwelling 2590
Single-detached house 1615
Apartment, building that has five or more storeys 0
Movable dwelling 180
Other dwelling 800
Semi-detached house 155
Row house 115
Apartment, duplex 45
Apartment, building that has fewer than five storeys 490
Other single-attached house 0
Total number of private households by household size 2590
1 person 675
2 persons 865
3 persons 400
4 persons 390
5 persons 175
6 or more persons 90
Number of persons in private households 6590
Average number of persons in private households 2.5

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