Photo: David Broad · CC BY 3.0Half the owned homes in New London are valued above $320,000
Some 565 owner households gave their home’s value to the 2021 census. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. Statistics Canada’s housing statistics carry no sale prices on Prince Edward Island; the census value stands in for New London.
What New London’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
- $362K
- Owners
- 565
- 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).
Detached houses make up 86% of New London’s residential properties
Of New London’s 1,375 residential properties on the 2024 roll, 86% are 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.
New London’s homes: when they went up and what they are
At the 2021 census, 95% of New London’s 635 occupied homes were single-detached houses. The older half dates from before 2001.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| New London | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | 3% | 1% | 8% |
| Needing major repairs | 9% | 7% | 6% |
| Too small for the household | under 1% | 3% | 3% |
| Households in core housing need | 6% | 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.
New London is dearer than most of Prince Edward Island’s towns: 11% above 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 New London: Kensington, Kensington, Part 1 and Malpeque Bay
The places around New London at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| New London | $320K | $362K | 91% | |
| Kensington | $200K | $224K | 56% | 7.8 |
| Kensington, Part 1 | $276K | $299K | 86% | 8.5 |
| Malpeque Bay | $250K | $287K | 90% | 10.3 |
| Kinkora | $224K | $260K | 94% | 13.2 |
| New Glasgow | $300K | $331K | 87% | 19.1 |
Census 2021 values; km.
Questions about property prices in New London
How many households in New London are in core housing need?
About as many as elsewhere: 6% of households in New London, where Prince Edward Island’s towns sit at 5%.
Is New London expensive for Prince Edward Island?
Yes: New London’s census median is above the $288,000 of Prince Edward Island’s towns.
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).