Apex, Nunavut Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Apex, Nunavut is currently experiencing steady growth. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase. This suggests a healthy demand for housing in the region, likely fueled by the robust population growth of 7.1%. Similarly, apartments are becoming more valuable, with median prices at $300,000 and a growth trend of 2.1% year-over-year. This consistent growth indicates a resilient market that is expanding at a sustainable pace.
Investment Opportunities and Potential
The positive trends in Apex’s real estate market offer attractive investment opportunities. The strong population growth implies an increasing demand for housing, which may lead to higher rental income potential and capital appreciation for investors. Given that housing prices are appreciating at a moderate rate, investors have the opportunity to enter the market before prices potentially accelerate further. The apartment sector, with its 2.1% annual price increase, presents an area for investment that might appeal particularly to those looking to cater to renters who prefer smaller living spaces or cannot afford to purchase property.
Future Market Outlook
Looking forward, the future market outlook for Apex, Nunavut appears optimistic. Assuming the continuation of current economic conditions and population trends, we can expect ongoing demand for housing. The steady price growth in both houses and apartments suggests a balanced market not prone to extreme volatility or bubbles. As long as the population continues to grow at its current rate or higher, it is likely that the Apex real estate market will continue to offer sound investment opportunities and potential for growth well into the future.
