Durieu, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| 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 | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Durieu, British Columbia is currently experiencing stable growth. With a median house price of $525,000 and an upward trend of 4% year-over-year, the market is showing healthy appreciation rates that reflect both buyer interest and the regional economic stability. Similarly, apartments are also witnessing growth with a median price of $320,000 and a slightly lower appreciation rate of 2.5% year-over-year. These consistent price increases indicate a demand for housing that is outpacing supply.
Durieu’s population has grown to 15,500 residents, marking a significant increase of 3.3%. This population growth suggests an expanding labor market and potentially increasing demand for housing which could continue to put upward pressure on property prices.
Investment Opportunities and Potential
Given the steady growth in property values and the healthy pace of population increase, Durieu presents promising investment opportunities. The current trends suggest that purchasing residential properties could offer good returns as the demand for housing is likely to persist alongside population growth.
Investors might find attractive opportunities in single-family homes due to their higher appreciation rate compared to apartments. However, the solid performance of the apartment sector cannot be overlooked as it offers lower entry points and requires less maintenance, making it suitable for investors seeking more manageable properties or those looking to diversify their portfolio with multi-family units.
Future Market Outlook
Looking ahead, Durieu’s real estate market seems poised for continued growth. Population increase serves as a primary driver that should sustain demand for housing. Assuming the local economy remains stable or improves, one can anticipate that both house and apartment prices may continue their ascent at a steady pace.
However, potential investors and homeowners should monitor interest rates, employment numbers, and any changes in local industry or infrastructure developments that could influence market conditions. Keeping abreast of these factors will be crucial to understanding future shifts in Durieu’s real estate landscape.
