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South Lake, PE

Updated: Aug 2016
House
Median price $290,000
Monthly growth
Quarterly trend
Stock on market 0.89%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

South Lake Home Price

South Lake was Canada’s 1560th most expensive suburb by listed median house price this month.

The $290,000 price tag on the median South Lake home means that it is above the cost of most houses in the country.

According to our stats, South Lake is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.

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

In South Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

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

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.

Demographics
  • Population in 2011496
  • Population in 2006519
  • 2006 to 2011 population change (%)-4.4
  • Total private dwellings337
  • Private dwellings occupied by usual residents183
  • Population density per square kilometre5.5
  • Land area (square km)89.85

Age Characteristics

Total population by age groups 500
0 to 4 years 25
5 to 9 years 20
10 to 14 years 30
15 to 19 years 30
15 years 10
16 years 5
17 years 5
18 years 5
19 years 10
20 to 24 years 30
25 to 29 years 15
30 to 34 years 15
35 to 39 years 25
40 to 44 years 25
45 to 49 years 35
50 to 54 years 50
55 to 59 years 40
60 to 64 years 45
65 to 69 years 30
70 to 74 years 25
75 to 79 years 15
80 to 84 years 20
85 years and over 5
Median age of the population 48.1
% of the population aged 15 and over 84.1

Marital Status

Total population 15 years and over by marital status 420
Married or living with a common-law partner 285
Married (and not separated) 260
Living common-law 30
Not married and not living with a common-law partner 130
Single (never legally married) 85
Separated 5
Divorced 15
Widowed 30

Family Characteristics

Total number of census families in private households 155
Size of census family: 2 persons 85
Size of census family: 3 persons 35
Size of census family: 4 persons 20
Size of census family: 5 or more persons 15
Total number of census families in private households 155
Total couple families by family structure and number of children 140
Married couples 125
Without children at home 65
With children at home 55
1 child 25
2 children 15
3 or more children 10
Common-law couples 15
Without children at home 5
With children at home 10
1 child 10
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 15
Female parent 10
1 child 5
2 children 5
3 or more children 0
Male parent 5
1 child 10
2 children 0
3 or more children 0
Total children in census families in private households 150
Under six years of age 30
6 to 14 years 50
15 to 17 years 15
18 to 24 years 40
25 years and over 15
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 480
Number of persons not in census families 45
Living with relatives 10
Living with non-relatives only 5
Living alone 25
Number of census family persons 445
Average number of persons per census family 3
Total number of persons 65 years and over in private households 90
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 70
Total number of private households by household type 185
Census-family households 145
One-family-only households 140
Couple-family households 130
Without children 70
With children 65
Lone-parent-family households 10
Other family households 5
One-family households with persons not in a census family 0
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 30
One-person households 30
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 185
Single-detached house 170
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 180
1 person 30
2 persons 80
3 persons 35
4 persons 25
5 persons 10
6 or more persons 5
Number of persons in private households 485
Average number of persons in private households 2.7

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