Photo: Quintin Soloviev · CC BY 4.0Half the owned homes in Cornwall are valued above $324,000
The census of 2021 asked 1,755 owner households what their home was worth. Statistics Canada’s housing statistics carry no sale prices on Prince Edward Island; the census value stands in for Cornwall. Assessors valued the median residential property at $247,000 for 2024.
What Cornwall’s homes are worth, two ways
Every figure here is compared within the province, against Prince Edward Island’s towns, since each province assesses on its own terms. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $358K
- Owners
- 1,755
- Prince Edward Island’s towns
- $288K
- The typical Canadian town
- $406K
all residential
- Prince Edward Island’s towns
- $159K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Cornwall’s detached houses are assessed 45% above the median of Prince Edward Island’s towns
Assessors listed 2,040 residential properties in Cornwall for 2024, 79% of them detached houses.
Median assessment by type, 2024 the tick is the median of Prince Edward Island’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Prince Edward Island’s towns with their own figure; assessments compare within a province only.
Since 2001: 43% of the homes in Cornwall, where Prince Edward Island’s towns have 26%
The 2021 census counted 2,640 occupied homes in Cornwall; 61% of them are single-detached houses.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| Cornwall | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | 3% | 1% | 8% |
| Needing major repairs | 3% | 7% | 6% |
| Too small for the household | 3% | 3% | 3% |
| Households in core housing need | 3% | 5% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
39.1 new homes a year per 1,000 in Cornwall: more than Prince Edward Island’s towns (25.7)
Over 2018–2023, 635 homes were permitted in Cornwall, close to 106 each year. 27% were single-unit buildings and the rest multi-unit ones, against 27% for Prince Edward Island’s towns.
The busiest year: 2019, with 253 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Cornwall against Prince Edward Island’s towns: 13% over the $288,000 median
12 of Prince Edward Island’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Cornwall: Miltonvale Park and West River
The places around Cornwall at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cornwall | $324K | $358K | 67% | |
| Charlottetown | $348K | $379K | 46% | 5.4 |
| Stratford | $400K | $433K | 71% | 8.3 |
| Kingston | $348K | $354K | 96% | 8.8 |
| Miltonvale Park | $280K | $300K | 88% | 9.3 |
| West River | $302K | $354K | 94% | 9.9 |
| Crossroads | $332K | $362K | 91% | 13.5 |
Census 2021 values; km.
Questions about property prices in Cornwall
How many households in Cornwall are in core housing need?
3% of Cornwall’s households, near the 5% of Prince Edward Island’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
Is Cornwall expensive for Prince Edward Island?
On census values, Cornwall ranks among the dearer of Prince Edward Island’s towns (median $288,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).