Cassidy, 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 Cassidy, British Columbia currently shows a healthy growth pattern. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This steady rise indicates a resilient demand for houses in the area. Moreover, apartments are also seeing an upward trajectory with the median apartment price at $300,000, marking a 2.1% year-over-year increase. This suggests that both segments of the housing market are appreciating, albeit houses at a slightly faster pace than apartments.
Investment Opportunities and Potential
The real estate market in Cassidy presents promising investment opportunities. The consistent growth in property values coupled with the region’s strong population growth of 7.1%, which is significantly higher than the national average, signals potential for both short-term gains through resale and long-term returns from rental income. The diversity in property types, from single-family homes to multifamily units like apartments, provides investors with multiple entry points into the market based on their investment capacity and strategy.
Future Market Outlook
The future outlook for Cassidy’s real estate market remains optimistic. Given the steady growth in median prices for both houses and apartments, along with robust population expansion, it is expected that demand for housing will continue to fuel the market. While current trends suggest sustained growth, investors should also consider economic factors such as employment rates, infrastructure developments, and interest rates which could affect market dynamics moving forward.
