Dalhousie, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $482,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $482,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,075 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dalhousie, New Brunswick is currently experiencing a period of moderate growth. With the median house price at $482,000 and showing a year-over-year increase of 4.2%, the market is demonstrating steady appreciation. The median apartment price is somewhat lower at $295,000, with a more modest increase of 1.9% year-over-year. This indicates a consistent upward trend in property values across different housing types.
The population of Dalhousie stands at 15,075, and has seen a significant growth rate of 5.4%. This increase could be contributing to the demand for housing, potentially putting upward pressure on prices as supply tries to meet the growing need.
Investment Opportunities and Potential
Dalhousie’s growing population and steady price increases point to healthy investment opportunities within the real estate market. The consistent growth in house prices suggests that purchasing residential properties could yield capital gains over time. Moreover, the relative affordability of apartments combined with their slower price increase might appeal to investors looking for rental properties that offer long-term income potential while still benefiting from value appreciation.
Investors should also consider potential developments in local infrastructure or industry that could further enhance property values. As population growth often leads to new amenities and services, areas undergoing such changes may present particularly promising investment prospects.
Future Market Outlook
The future real estate market outlook for Dalhousie appears positive. Given the current trends of steady price increases and population growth, it is reasonable to anticipate that demand for housing will continue to rise. This ongoing demand could maintain or possibly escalate the pace of price appreciation seen in recent years.
However, prospective investors and homebuyers should remain cognizant of external economic factors that might influence interest rates, employment levels, and overall affordability—all of which can impact real estate markets. Monitoring these broader economic indicators will be key in making informed predictions about Dalhousie’s real estate market trajectory.
