Armstrong, British Columbia 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 Armstrong, British Columbia, is currently experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This gradual appreciation indicates a healthy demand for housing, likely driven by both local factors and broader provincial trends.
Similarly, the apartment sector shows positive momentum with a median price point of $300,000 and a more modest annual increase of 2.1%. The divergent growth rates between houses and apartments may reflect varying demand dynamics, with single-family homes being particularly sought after in this market.
Armstrong’s population has grown by 7.1% to reach 15,000 residents. This significant population growth can be attributed to both natural increase and migration, as individuals and families are attracted to the area’s lifestyle and economic opportunities. This uptick in population is a critical driver of housing demand and suggests continued interest in the Armstrong real estate market.
Investment Opportunities and Potential
The steady climb in property values coupled with substantial population growth positions Armstrong as an attractive location for real estate investment. Investors may find opportunities in both the residential housing market, given the consistent appreciation in house prices, and the apartment sector that caters to individuals looking for more affordable housing options.
Given that Armstrong’s growth appears sustainable, investments in new residential developments or renovations of existing properties could capitalize on increasing demand. Additionally, rental properties might offer long-term income potential due to an expanding local population that includes renters seeking quality living spaces.
Future Market Outlook
Moving forward, Armstrong’s real estate market is likely to maintain its current trajectory. The solid year-over-year growth rates in house and apartment prices suggest enduring strength in the market without signs of overheating. The region’s robust population increase serves as a fundamental support for continued demand for housing across all sectors.
However, investors should monitor external economic factors such as interest rates, employment trends within the province, and any changes in migration patterns which could influence future market conditions. Notwithstanding these variables, Armstrong’s real estate outlook remains cautiously optimistic with a forecast for ongoing but measured growth.
