Barriere, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Barriere, British Columbia, is currently experiencing a steady increase in property values. The median house price stands at $525,000, which represents a year-over-year growth of 4%. This steady climb indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price has reached $315,000, with a slower yet consistent growth trend of 2.5% year-over-year. These trends suggest an ongoing interest in both the residential housing and apartment sectors.
The population of Barriere has grown to 15,500 residents, reflecting a significant increase of 3.3%. This demographic trend can contribute to the sustained demand for housing as more individuals and families look to settle in the area. A growing population often translates into increased economic activity and could signal a positive trajectory for property values over time.
Investment Opportunities and Potential
Given the current trends, investment opportunities within Barriere’s real estate market appear promising. The continuous increase in property values coupled with population growth indicates a robust market with potential for capital appreciation. Investors looking at long-term gains might find single-family homes particularly appealing due to their higher percentage increase in value.
The apartment sector also presents an opportunity for investors focusing on rental income. As the population grows, the demand for affordable and flexible living spaces such as apartments is likely to rise. With the moderate price increase trend, investors may enter this market at a relatively accessible point while forecasting future appreciation.
Future Market Outlook
The future outlook for Barriere’s real estate market remains positive based on current data. If the population continues to grow at the current rate or higher, it will likely fuel further demand for housing. Assuming that economic conditions remain stable or improve, we can anticipate continued moderate growth in house and apartment prices.
However, potential investors should also be aware of broader economic factors such as interest rates, employment rates in the region, and government housing policies which could affect future market conditions. Staying informed about these factors will be crucial for making sound investment decisions in Barriere’s real estate landscape.
