Belcarra, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,500,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $750,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 0.9% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,500,000 |
| 4 bedrooms | $1,800,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $650,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2025) | 3,000 |
| Previous Population (2020) | 2,900 |
| Population Change | 3.4% |
| Total Private Dwellings | 1,200 |
| Occupied Private Dwellings | 1,150 |
| Population Density (per km²) | 1.2 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Belcarra, British Columbia currently exhibits a stable growth pattern. With a median house price of $1,500,000, the market has seen a moderate year-over-year increase of 3.2%. This consistent upward trend suggests a healthy demand for housing in the area. In contrast, the apartment sector shows a slightly lower growth rate with a median price of $750,000 and an increase of 2.5% over the past year.
The population of Belcarra has grown by 3.4%, an indicator that may contribute to the steady demand for housing. The influx of new residents can be linked to the attractiveness of the region’s natural beauty, lifestyle, and proximity to larger urban centers while still offering a secluded community feel.
Investment Opportunities and Potential
Given the consistent appreciation in property values, Belcarra presents itself as an appealing opportunity for real estate investors. Single-family homes, with their higher growth rate, are particularly attractive for long-term investment strategies. As such properties are more likely to benefit from continuous value appreciation over time, they represent potential for solid returns on investment.
The apartment market also offers investment potential, especially for those looking into rental properties or more affordable entry points into the real estate market. The steady population growth is anticipated to maintain or increase rental demand, which could result in favorable yields for investors.
Future Market Outlook
The future market outlook for Belcarra remains optimistic. With a growing population and ongoing demand for housing, both sectors of the real estate market are expected to maintain their upward trends. Should current economic conditions persist—such as interest rates and employment stability—the local real estate market is forecasted to continue its gradual growth.
The limited size of Belcarra may contribute to a scenario where supply struggles to meet demand, potentially leading to further price increases. Investors and homebuyers should monitor key indicators such as zoning changes, development plans, and regional economic factors which could impact future property values and investment returns.
