Housing

Own your own home — affordably

In 2006, 76.8% of the population of Pictou County owned their dwellings and 22.6% rented, compared with provincial averages of 72% and 27.6% respectively.

The average value of dwellings in the area increased 69.4% between 1996 and 2006 to $114,744. Average major monthly payments for homeowners was $643 in 2006, compared with $489 in 1996. Average monthly rent in Pictou County increased from $459/month in 1996 to $546/month in 2006.

In Nova Scotia, The average value of dwellings in the area increased 82.5% between 1996 and 2006 to $158,000. Average major monthly payments for homeowners was $761 in 2006, compared with $562 in 1996. Average monthly rent in Nova Scotiaincreased from $538/month in 1996 to $671/month in 2006.

 

Pictou County General Housing Statistics, 2006

Private Households

19,290

Persons living in Private Households

46,220

Average Household Income

53,371

Average Value of Dwelling ($)

114,744

Average Mortgage Payments for Owners ($)

643

Average Gross Rent ($)

54

Source: 2006 Census of Canada-Statistics Canada and Nova Scotia Statistical Review, 2006

 

Other Pictou County Housing Statistics

Total Number of Owned Dwellings

11,103

74.56%

Total Number of Rented Dwellings

3,643

24.46%

Total Number of Occupied Dwellings

14,891

 

Number of Dwellings Constructed Before 1991

16,900

 

Number of Dwellings Constructed 1991-2001

1,640

 

Source: 2001 Census of Canada- Statistics Canada, 2006 Statistical Review & FP Markets 2007

 

Average House Sales Price, 2005

Nova Scotia

159,556

Annapolis Valley

123,704

Cape Breton

73,508

Halifax-Dartmouth

188,484

Highland

107,097

Northern Nova Scotia

94,335

South Shore

141,174

Source: Nova Scotia Statistical Review, 2006

 

Pictou County MLS Real Estate Sales Figures, 2001-2006

 

New Glasgow & Stellarton

Trenton, Pictou & Westville

Rural Pictou County

TotalPictou County

2001 Average Price

$85,730

$52,004

$62,436

$70,963

2001 Sales

172

71

140

383

2002 Average Price (to July 02)

$89,193

$58,502

$67,500

$74,557

2002 Sales (to July 02)

110

55

103

268

2003 Average Price

$82,965

$60,584

$69,517

$72,496

2003 Sales

130

73

165

368

2004 Average Price

$83,891

$62,382

$76,290

$75,920

2004 Sales

127

79

155

361

2005 Average Price

$99,976

$68,180

$90,773

$88,595

2005 Sales

138

97

188

423

2006 Average Price

$105,476

$73,454

$90,868

$98,742

2006 Sales

148

100

193

441

Source: Nova Scotia Association of Realtors

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