Cawston, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cawston, British Columbia is currently experiencing a period of steady growth. With a median house price standing at $525,000 and an upward trend of 4.2% year-over-year, the market is showing signs of healthy demand for single-family homes. On the other hand, apartments are also gaining value, albeit at a slower pace, with a median price of $320,000 and a 2.5% year-over-year increase. This differential growth rate between housing types may indicate a more robust demand for houses, which could be influenced by demographic trends or buyer preferences in the region.
Investment Opportunities and Potential
The investment landscape in Cawston presents several opportunities, particularly for those interested in residential properties. The steady increase in property values suggests that the market has room for growth, offering potential for capital gains over time. Rental investments might also be attractive given the population growth rate of 3.3%, which could lead to increased rental demand. Investors should consider the local economy and infrastructure projects that could influence future property values when making decisions.
Future Market Outlook
The future market outlook for Cawston’s real estate seems promising based on current trends and demographic indicators. The consistent population growth rate points to ongoing demand for housing. If these trends continue along with economic stability and favorable mortgage rates, Cawston’s real estate market could maintain its growth trajectory. However, investors should remain vigilant about national economic policies and global events that could impact interest rates and investment climates.
