Chineside, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Chineside, British Columbia is currently experiencing a period of steady growth. With a median house price of $950,000, the market has seen an increase of 3.8% year-over-year. This indicates a stable demand for housing in the area, reflecting both the desirability of the location and a balanced market environment. The median apartment price stands at $450,000, which has risen by 2.5% over the past year. The population of Chineside is approximately 16,000 residents with a healthy growth rate of 3.2%, suggesting that more people are moving to the area, further stimulating housing demand.
Investment Opportunities and Potential
The consistent growth in property values along with population increases point towards promising investment opportunities in Chineside’s real estate market. Investors might find particular value in the single-family home segment which is appreciating slightly faster than apartments. This could be attributed to a preference for more spacious living accommodations or a reflection of the demographic’s lifestyle needs within Chineside. For those looking for lower entry points or smaller investments, apartments still offer potential for appreciation but at a more modest pace.
Future Market Outlook
The future outlook for Chineside’s real estate market remains optimistic based on current trends and demographic indicators. Continued population growth will likely sustain demand for housing, supporting market stability and potential appreciation. If the current economic conditions persist, it is reasonable to expect that both house and apartment prices may continue on their upward trajectory, albeit potentially at different rates given their respective year-over-year trends. Investors and prospective homeowners should monitor local developments closely, including any changes in economic conditions or housing supply that could impact future market dynamics.
