Sherbrooke

Neighbourhood in Summerside · Prince Edward Island · Population 2,695

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Approximate boundaries

Summerside doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Summerside.

Housing and jobs

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

Affordability

72 · Good

Average monthly rent$993/month

Summerside: $932/month · Canada: $1,209/month · 2006: $920/month (estimated) · 2016: $910/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$963/month

City-wide figure for Summerside · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,241/month

City-wide figure for Summerside · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,057/month

City-wide figure for Summerside · CMHC, 2025

Median dwelling value (owner-estimated)$215,328

Summerside: $250,000 · Canada: $472,000 · Estimated · 2016: $140,432 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing18.8%

Summerside: 18.6% · Canada: 20.9% · 2006: 18.5% (estimated) · 2016: 19.5% (estimated) · Statistics Canada, 2021

Economy

62 · Good

Median household income$60,090

Summerside: $63,200 · Canada: $84,000 · Estimated · 2006: $57,211 (estimated) · 2016: $58,911 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)7.8%

Canada: 5.2% · City-wide figure for Summerside · Statistics Canada, 2021

Unemployment rate9.1%

Summerside: 10.3% · Canada: 10.3% · 2006: 12.9% (estimated) · 2016: 11.1% (estimated) · Statistics Canada, 2021