Chemainus, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| 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 | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Chemainus, British Columbia
In Chemainus, British Columbia, the real estate market has exhibited steady growth. The median house price currently stands at $525,000, reflecting a year-over-year increase of 4.2%. This suggests a resilient housing market that is maintaining upward momentum in terms of property valuation. Meanwhile, the median apartment price has reached $315,000, with a more modest year-over-year growth of 2.5%. While this indicates a slower rate of appreciation for apartment properties compared to houses, it still points to a positive trend in the apartment market segment.
The population of Chemainus stands at 15,500 and has seen a significant population growth of 3.3%. This demographic expansion is likely contributing to the demand for housing in the area, which may continue to put upward pressure on property prices across all segments of the market.
Investment Opportunities and Potential in Chemainus
Given the current market conditions, there are potentially lucrative investment opportunities in Chemainus. The persistent increase in median house prices indicates a robust demand for single-family homes. Investors looking to purchase residential properties may find this segment particularly attractive due to its higher growth rate.
Apartments are also showing positive price trends but at a slower pace. Investors might consider this as an opportunity to enter the market at a lower price point while still participating in the overall growth of real estate values in Chemainus.
The ongoing population growth further bolsters investment potential. An expanding population often leads to increased rental demand, which can translate into higher rental yields and reduced vacancy rates for income-focused investors. Additionally, this demographic trend may signal long-term sustainability for real estate investments in the region.
Future Market Outlook for Chemainus
The future market outlook for Chemainus appears optimistic based on current trends and statistics. The steady appreciation of house and apartment prices suggests that real estate values are likely to continue their upward trajectory in the foreseeable future. Moreover, the sustained population growth should continue to fuel demand for housing and may support further price increases or stabilization at healthy levels.
Investors should monitor key economic indicators such as employment rates, interest rates, and regional development projects since these factors could significantly impact future market conditions. However, with its existing growth patterns and favorable demographics, Chemainus presents itself as an appealing market with strong fundamentals for both short-term gains and long-term investment stability.
