Burton, 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 Burton, British Columbia, the real estate market is currently experiencing stable growth. The median house price in the area is $500,000, with a positive year-over-year trend of 3.5%. This growth rate indicates a healthy demand for housing, likely driven by the area’s amenities and lifestyle offerings. Similarly, the market for apartments is also showing an upward trajectory, with the median apartment price standing at $300,000 and experiencing a slightly lower growth rate of 2.1% year-over-year.
The population of Burton has reached 15,000 residents, with a significant population growth rate of 7.1%. This demographic trend demonstrates not only an increasing demand for housing but also suggests that the local economy is likely robust, attracting new residents seeking employment or lifestyle changes.
Investment Opportunities and Potential
The continuous population growth coupled with steady appreciation in property values presents attractive investment opportunities in Burton. Single-family homes are particularly promising due to their higher appreciation rate. With a median house price increase of 3.5% year-over-year, investors can expect solid capital gains over time.
Apartments offer a more accessible entry point into the market at a median price of $300,000 and show potential for steady rental income supported by the 2.1% annual growth in value. With the local population increasing at a robust pace, demand for rental properties is likely to rise as newcomers seek temporary or long-term accommodations.
Future Market Outlook
The future outlook for Burton’s real estate market appears optimistic based on current trends and demographic data. The consistent population increase of 7.1% signals ongoing demand for housing which should sustain property value appreciation. Additionally, as more people move to Burton seeking its lifestyle and economic opportunities, both residential and rental markets are expected to benefit.
Investors considering entering the market should monitor local economic developments and infrastructure projects that could further enhance property values and quality of life in Burton. Caution should be exercised around external economic factors that may affect interest rates or broader market conditions; however, long-term investment in this growing community holds considerable appeal.
