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
1. Current Market Conditions and Trends
The real estate market in Cassidy, British Columbia, is currently experiencing a period of moderate growth. The median house price in the area is $500,000, which reflects a steady year-over-year increase of 3.5%. This indicates consistent demand and a healthy market environment for single-family homes.
Apartments in Cassidy are priced at a median of $300,000, with a slightly lower year-over-year growth trend of 2.1%. This suggests that the market for apartments is also growing, albeit at a more modest pace compared to houses. The slower growth rate could be attributed to a higher inventory of apartments or shifting consumer preferences towards houses.
The population of Cassidy has seen an impressive growth rate of 7.1%, which is considerably high and likely contributes to the increased demand for housing in the area. A growing population typically correlates with a vibrant local economy and can lead to further investment in infrastructure and services.
2. Investment Opportunities and Potential
With both the housing and apartment sectors showing positive trends, Cassidy presents several attractive investment opportunities. The consistent growth in median house prices suggests that investing in residential properties could yield stable returns for investors looking at long-term capital gains.
The significant population increase implies there could be continued demand for rental properties, making buy-to-let investments particularly appealing. Investors could potentially benefit from both rental income and property value appreciation over time.
Given the smaller increase in apartment prices, there may be potential for investors to enter the market at a lower price point compared to houses. The choice between investing in apartments or houses should be informed by an investor’s specific financial goals and risk tolerance.
3. Future Market Outlook
The future outlook for Cassidy’s real estate market remains optimistic. Population growth is one of the key drivers of demand in real estate, and Cassidy’s robust population increase suggests that this demand will persist. Assuming that economic conditions remain favorable and interest rates stable, the real estate market should maintain its upward trajectory.
However, investors should monitor changes in local economic factors, interest rates, and national housing policies that could affect market conditions. Staying informed about such changes will be crucial for making educated investment decisions.
In conclusion, Cassidy’s real estate market offers promising prospects for both immediate investment opportunities and future growth potential, underpinned by strong demographic trends and consistent property value appreciation.
