Photo: Neil and Kathy Carey from Edmonton, Canada · CC BY-SA 2.0Homes in Malpeque Bay are worth a median $250,000
Behind it are the answers of 450 owners at the 2021 census. Self-assessed in May 2021, these values predate the rate rises that followed. No open sale prices are published on Prince Edward Island, so for Malpeque Bay the census value is the measure.
What Malpeque Bay’s homes are worth, two ways
Each source sits beside its own median for Prince Edward Island’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $287K
- Owners
- 450
- 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).
Malpeque Bay’s detached houses are assessed 9% below the median of Prince Edward Island’s towns
Detached houses account for 92% of the 1,180 properties on Malpeque Bay’s 2024 roll.
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.
Before 1961: 34% of the homes in Malpeque Bay, where Prince Edward Island’s towns have 21%
Of the 520 homes people lived in across Malpeque Bay at the 2021 census, 93% were single-detached houses.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| Malpeque Bay | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 1% | 8% |
| Needing major repairs | 8% | 7% | 6% |
| Too small for the household | under 1% | 3% | 3% |
| Households in core housing need | 4% | 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.
Malpeque Bay is cheaper than most of Prince Edward Island’s towns: 13% under their $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 Malpeque Bay: Kensington and Kinkora
The places around Malpeque Bay at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Malpeque Bay | $250K | $287K | 90% | |
| Kensington, Part 1 | $276K | $299K | 86% | 7.6 |
| Kensington | $200K | $224K | 56% | 7.6 |
| New London | $320K | $362K | 91% | 10.3 |
| Summerside | $250K | $262K | 53% | 15.4 |
| Kinkora | $224K | $260K | 94% | 17.3 |
| Miscouche | $260K | $268K | 77% | 18.3 |
Census 2021 values; km.
Questions about property prices in Malpeque Bay
Is Malpeque Bay expensive for Prince Edward Island?
Less than most: Prince Edward Island’s towns have a median of $288,000, and Malpeque Bay sits below it.
How many households in Malpeque Bay are in core housing need?
Statistics Canada puts 4% of Malpeque Bay’s households in core housing need, much as for Prince Edward Island’s towns (5%).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. 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).