Cassiar, 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 Cassiar, British Columbia is experiencing steady growth. The median house price currently stands at $500,000, marking a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, driven by both local buyers and external interest in the region.
Similarly, the apartment sector is also showing positive momentum with a median price of $300,000 and an annual growth rate of 2.1%. This slower growth relative to houses suggests that apartments are a more accessible entry point into the market for first-time buyers and those looking for smaller investment properties.
The population of Cassiar has reached approximately 15,000 residents with a robust growth rate of 7.1%. This significant uptick in population is likely contributing to the increased demand for housing across the board.
Investment Opportunities and Potential
The steady increase in property values across both houses and apartments presents promising investment opportunities. The consistent upward trend in house prices points towards a stable market where equity can build over time. Investors looking for long-term capital gains should consider single-family homes, which are seeing higher appreciation rates.
Apartments, while appreciating at a lesser rate, offer potential for rental income streams against a backdrop of population growth. They may represent an attractive opportunity for those seeking lower entry costs and the ability to leverage rental demand that could escalate with the influx of new residents.
Given the current trends, areas within Cassiar that are under development or slated for infrastructure improvements could be particularly lucrative for investors who enter the market early.
Future Market Outlook
The future real estate market outlook for Cassiar remains optimistic. Population growth is expected to continue driving housing demand, potentially leading to tighter inventory levels and upward pressure on prices. Should this trajectory persist, both median house and apartment prices could see further increases.
This projection relies on current economic conditions remaining favourable, including employment rates and regional investment. Notably, as Cassiar’s market attracts more attention, it may lead to increased competition among buyers and investors alike. Stakeholders should monitor local developments closely to capitalize on emerging opportunities.
An eye should be kept on interest rate movements and broader economic factors that might impact borrowing costs and investment yield. However, as it stands, Cassiar’s real estate market appears poised for continued growth and remains an appealing landscape for both residential purchasers and investors.
