Delta, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,200,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 1.0% |
Apartment
| Median price | $600,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 0.9% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $950,000 |
| 3 bedrooms | $1,200,000 |
| 4 bedrooms | $1,500,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $550,000 |
| 2 bedrooms | $650,000 |
| 3 bedrooms | $750,000 |
Demographics
| Current Population (2025) | 100,000 |
| Previous Population (2020) | 98,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 40,000 |
| Occupied Private Dwellings | 38,000 |
| Population Density (per km²) | 2.5 |
| Land Area (km²) | 3,000.0 |
Market Analysis
Current Market Conditions and Trends
In Delta, British Columbia, the real estate market is currently experiencing steady growth. With a median house price of $1,200,000 and a year-over-year increase of 4%, the market shows signs of stability and moderate appreciation. Apartments also follow a similar upward trend with a median price of $600,000 and a year-over-year growth of 2.5%. This indicates a balanced demand for both houses and apartments in the region.
The population of Delta stands at approximately 100,000 residents with a growth rate of 2% per annum. This consistent increase in population is likely contributing to the sustained demand for housing within the city.
Investment Opportunities and Potential
Deltas’s real estate market offers promising investment opportunities given its steady price appreciation and population growth. The increase in house prices suggests that investing in residential properties could yield considerable returns over time. Moreover, the ongoing development projects and infrastructure improvements within Delta are likely to enhance property values further.
For investors looking for lower entry points, the apartment market presents an attractive option with its lower median price point yet still appreciable annual growth rate. Additionally, as the city expands and attracts more residents, rental demand is expected to rise, potentially leading to increased rental yields for property investors.
Future Market Outlook
The outlook for Delta’s real estate market remains positive. Considering current trends such as the steady population growth and consistent property value appreciation, it is projected that the market will maintain its upward trajectory in the near future. Factors such as low interest rates, economic stability within British Columbia, and Delta’s appeal as a residential community contribute to this optimistic forecast.
Investors should monitor local economic developments and potential changes in government policies affecting real estate to make well-informed decisions. Nonetheless, Delta represents a relatively robust market with potential for both short-term gains through resale and long-term investment through rental income.
