Coverdale

Small town · New Brunswick · Population 4,766

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Housing and jobs

Housing costs, rents, incomes and jobs in Coverdale, with comparisons and sources.

Affordability

73 · Good

Average monthly rent$670/month

NB: $870/month · Canada: $1,209/month · 2006: $771/month · 2016: $763/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,028/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,164/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,452/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,607/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.7%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$236,000

NB: $180,000 · Canada: $472,000 · 2016: $192,404 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing7.2%

NB: 12.9% · Canada: 20.9% · 2006: 13.5% · 2016: 10.9% · Statistics Canada, 2021

Economy

64 · Good

Median household income$88,000

NB: $70,000 · Canada: $84,000 · 2006: $68,921 · 2016: $80,062 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)6.7%

NB: 3.8% · Canada: 5.2% · 2016: 1.5% · Statistics Canada, 2021

Unemployment rate7.6%

NB: 10.3% · Canada: 10.3% · 2006: 6.6% · 2016: 8.6% · Statistics Canada, 2021