Barriere, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $522,000 |
| Monthly growth | 1.1% |
| 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 | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $522,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Barriere, British Columbia
In Barriere, British Columbia, the real estate market exhibits stable growth. The median house price stands at $522,000 with a year-over-year increase of 4%. This indicates a steady rise in property values, reflecting ongoing demand for residential housing in the area. Similarly, the apartment sector shows resilience with a median price of $315,000, which has grown by 2.5% from the previous year. These trends suggest a balanced market where both housing types are appreciating at a moderate pace.
The population of Barriere is 15,200 and has grown by 1.3% over the past year. This demographic trend contributes to the sustained demand for housing. The growth is likely driven by individuals seeking the lifestyle offered by Barriere along with its economic opportunities. This steady population increase aids in maintaining a healthy level of demand for real estate in the region.
Investment Opportunities and Potential in Barriere
Investors looking at Barriere will find potential in both the single-family home and apartment markets. Given that both sectors are experiencing measured appreciation, investments made now could benefit from continued growth in equity over time. With single-family homes showing a slightly higher appreciation rate than apartments, they might represent a more attractive option for investors seeking capital gains.
Moreover, with population growth projected to continue, rental properties may also offer attractive returns. Investors might consider leveraging opportunities in building or buying rental units to cater to newcomers to the area who may not immediately enter the home-buying market.
Future Market Outlook for Barriere Real Estate
The future outlook for Barriere’s real estate market remains optimistic based on current trends and data. With steady population growth and consistent appreciation rates for both houses and apartments, it is reasonable to anticipate that these conditions will persist into the near future. The increasing population suggests an enduring need for housing which should support both resale values and rental rates.
However, investors and homebuyers should stay informed about local economic drivers that could impact these trends. Factors such as employment rates, infrastructure development, and interest rate changes can influence market conditions significantly.
In conclusion, Barriere’s real estate market appears poised for continued growth fueled by demographic trends and current market conditions. While vigilance regarding broader economic factors is advisable, the investment potential within this market remains promising based on available statistics.
