Antigonish, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $499,000 |
| 4 bedrooms | $615,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $445,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Antigonish, Nova Scotia, is currently characterized by steady growth. With a median house price of $499,000 and a year-over-year increase of 4%, the market is showing signs of healthy demand. Similarly, the median apartment price stands at $295,000, which has also grown by 2.5% from the previous year. This consistent growth in property values can be attributed to a variety of factors such as local economic stability, an attractive lifestyle offering for residents, and increased interest from buyers outside the province.
The population of Antigonish is 15,200 and has been witnessing a growth rate of 2.7%, suggesting that the town is attracting new residents at a moderate pace. This influx may be driven by employment opportunities, educational institutions such as St. Francis Xavier University, or the appeal of living in a smaller community with close proximity to natural landscapes.
Investment Opportunities and Potential
The real estate market in Antigonish offers several investment opportunities given its stable growth and potential for continued demand. Investors should consider both residential properties, given the solid growth in median prices for houses and apartments. Rental properties could be particularly attractive due to the presence of post-secondary institutions which contribute to a steady stream of student renters.
Moreover, with an ongoing population increase, there is likely to be sustained demand for both rental and owner-occupied housing. The modest yet consistent price appreciation indicates that Antigonish presents a lower-risk investment environment compared to more volatile markets.
Future Market Outlook
The future outlook for Antigonish’s real estate market appears promising. Assuming current trends continue, property values are expected to experience moderate but stable growth over the coming years. The town’s population is projected to keep expanding, further driving demand for housing.
The local economy will play a pivotal role in shaping this outlook; thus stakeholders should monitor key economic indicators such as employment rates and income levels closely. Additionally, any developments in regional policies or infrastructure that could impact accessibility or desirability will be important factors affecting future market conditions.
Overall, investors and homebuyers can approach the Antigonish real estate market with cautious optimism, expecting gradual appreciation and sustained interest in this Nova Scotian community.
