Bonnington, 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
In Bonnington, British Columbia, the real estate market is currently experiencing a period of steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable demand for housing and a healthy market where prices are rising at a moderate pace.
The market for apartments is also showing positive trends, with a median price point of $300,000 and a year-over-year increase of 2.1%. This slower rate of increase compared to houses suggests that apartments are a more accessible entry point into the real estate market for first-time buyers or investors seeking lower-priced opportunities.
The population of Bonnington currently stands at 15,000 and has seen significant growth at a rate of 7.1%. Such an influx of residents typically leads to increased demand for housing, which may further stimulate the real estate market.
Investment Opportunities and Potential
Given the current trends, Bonnington’s real estate market presents attractive investment opportunities. The steady growth in both housing and apartment prices indicates that investments made now have potential for capital appreciation in the medium to long term.
Investors should note the robust population growth when considering investment opportunities. This demographic trend can lead to greater rental demand, particularly for apartments, suggesting that rental properties could offer consistent yields over time.
Moreover, because the increase in property values has been moderate rather than explosive, there is less risk associated with a sudden market correction or downturn. This makes Bonnington an appealing option for investors seeking stable markets with potential for ongoing growth.
Future Market Outlook
The future outlook for Bonnington’s real estate market appears positive. Continued population growth is likely to maintain or even increase the current demand for housing. If this trend persists alongside economic stability in the region, it is reasonable to expect continued appreciation in property values.
However, potential investors and homeowners should keep an eye on broader economic indicators and local developments that could impact the market. Factors such as employment rates, interest rates, and government policies related to housing can all influence future market conditions.
In summary, Bonnington’s growing population combined with stable price increases in both houses and apartments bodes well for the health of its real estate market. Prospective buyers and investors may find this an opportune time to enter the market or expand their portfolios within this community.
