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Housing and jobs

Housing costs, rents, incomes and jobs in Colchester, Subd. C, with comparisons and sources.

Affordability

58 · Average
Average monthly rent$886/month

NS: $1,083/month · Canada: $1,209/month · 2006: $823/month · 2016: $834/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$796/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,011/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,273/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,753/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$200,000

NS: $250,000 · Canada: $472,000 · 2016: $176,783 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing11.2%

NS: 17.9% · Canada: 20.9% · 2006: 17.2% · 2016: 14.7% · Statistics Canada, 2021

Economy

17 · Poor
Median household income$74,000

NS: $71,500 · Canada: $84,000 · 2006: $60,969 · 2016: $69,096 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)-4.7%

NS: 5% · Canada: 5.2% · 2016: -1.8% · Statistics Canada, 2021

Unemployment rate11.4%

NS: 12.7% · Canada: 10.3% · 2006: 6.9% · 2016: 8.2% · Statistics Canada, 2021

Sources

Adapted from Statistics Canada, Census of Population 2021 (Census Profile). This does not constitute an endorsement by Statistics Canada.

Adapted from CMHC, Rental Market Survey / Housing Market Information Portal. This does not constitute an endorsement by CMHC.