Dieppe, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dieppe, New Brunswick is currently experiencing steady growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market reflects a healthy demand for family homes. Similarly, the apartment sector is also showing positive movement with a median price set at $300,000 and a slightly more modest annual increase of 2.1%. These trends indicate a stable market that has avoided the dramatic price spikes seen in larger Canadian cities, while still offering consistent growth for homeowners and investors alike.
The population of Dieppe stands at approximately 15,000 residents with a robust growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing and helps to maintain the momentum seen in property value appreciation.
Investment Opportunities and Potential
Dieppe’s real estate market offers significant potential for investment, especially considering its ongoing population growth and economic stability. The steady increase in property values presents an opportunity for long-term capital gains. Investment in family homes appears particularly promising given their higher year-over-year price increase compared to apartments.
Additionally, the rental market could be lucrative due to the influx of new residents seeking accommodation, potentially driving up rental yields for investors. With a balanced rate of appreciation in both housing segments, investors have the flexibility to target different market niches according to their investment strategies.
Future Market Outlook
The outlook for Dieppe’s real estate market remains optimistic. Given its current trajectory and solid population growth figures, it is reasonable to expect that property values will continue to rise at a sustainable rate. The city’s economy and quality of life appear conducive to attracting new residents which should underpin demand for housing.
However, investors should monitor local economic developments and national policy changes that could impact borrowing costs or alter migration patterns. Careful analysis of these factors will be essential in making informed investment decisions moving forward.