Brisco, 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
The real estate market in Brisco, British Columbia is currently experiencing steady growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market demonstrates healthy demand and appreciating property values. Similarly, the median apartment price stands at $300,000, increasing at a slower yet positive rate of 2.1% year-over-year. This differential in growth rates suggests a slightly more robust market for houses compared to apartments.
The population of Brisco has seen a significant increase of 7.1%, indicating a growing community that could be contributing to the sustained demand for housing. This demographic expansion can be attributed to several factors including the area’s attractive lifestyle, economic opportunities, and overall appeal as a place to live.
Investment Opportunities and Potential
Investors considering the Brisco real estate market may find promising opportunities due to the current growth trends. The consistent increase in property values suggests that investments made now have the potential for capital appreciation over time. Additionally, with the population on the rise, there is likely to be a sustained demand for rental properties, providing investors with the prospect of stable rental income streams.
Houses appear to be leading in terms of price growth compared to apartments, which could indicate a higher demand for single-family homes or larger living spaces—perhaps driven by demographic shifts or changes in buyer preferences. Investors should consider this trend when deciding between investing in detached houses or multi-family apartment units.
Future Market Outlook
Looking forward, the Brisco real estate market appears poised for continued growth. The strong population increase suggests that demand for housing will remain robust, potentially pushing prices further up if supply doesn’t keep pace. However, investors and potential homebuyers should stay informed about local developments that could impact the market, such as changes in economic conditions, interest rates, or housing policies.
The positive trends observed—coupled with Brisco’s attractiveness as a place to live and work—support an optimistic outlook on investment potential. Nevertheless, as with any investment decision, it is crucial to conduct thorough research and possibly engage with local real estate professionals to navigate specific nuances of the Brisco market.
