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 stable growth. The median house price stands at $500,000, with a healthy appreciation trend of 3.5% year-over-year. This suggests a sustained demand for housing in the area. Meanwhile, the median apartment price is set at $300,000, with a slower yet positive growth rate of 2.1% year-over-year.
The population of Bonnington has been expanding at a significant rate of 7.1%, indicating an influx of new residents and potential homebuyers. This growth can be attributed to factors such as economic opportunities, lifestyle preferences, or geographical attractiveness.
Investment Opportunities and Potential
The ongoing population increase coupled with steady property value appreciation points to robust investment opportunities in Bonnington’s real estate market. For investors looking to purchase residential properties, the current trends suggest that both houses and apartments are likely to provide a solid return on investment through both rental income and capital gains over time.
Given that houses are appreciating at a faster rate than apartments, there is potential for higher capital gains in the single-family home segment. However, apartments could be more accessible entry points into the market for smaller investors or those looking for lower maintenance properties.
Future Market Outlook
The future outlook for the Bonnington real estate market remains optimistic. Assuming the current trends continue, we can expect further growth in property values driven by sustained demand. The high population growth rate should continue fueling the need for housing, supporting both rental and sale markets.
However, it is important for investors to keep an eye on external economic factors that could impact interest rates and borrowing costs. Additionally, potential changes in local policies regarding development and land use could influence future market dynamics.
In conclusion, Bonnington’s real estate market presents promising conditions for investment with expectations of continued growth. As always, thorough market research and due diligence are recommended when considering any real estate investment.
