Edelweiss, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 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
Edelweiss, British Columbia is currently experiencing steady growth in its real estate market. The median house price stands at $520,000, marking a year-over-year increase of 4%. This indicates a healthy and moderately appreciating housing market, reflecting both the desirability of the area and the overall economic stability. Similarly, apartments are also seeing a positive trend with a median price of $310,000 and a growth rate of 2.5% from the previous year.
The population of Edelweiss has increased to 15,500 residents, growing at a rate of 3.3%. This demographic expansion is fueling demand for housing in the region, maintaining upward pressure on property values. Such dynamics suggest that Edelweiss is attracting new residents, potentially due to factors such as employment opportunities, lifestyle offerings, or regional investments.
Investment Opportunities and Potential
The real estate market in Edelweiss presents promising investment opportunities. With single-family homes experiencing a solid appreciation rate of 4%, investors can expect continued capital growth from these assets. Apartments provide a slightly more accessible entry point into the market at $310,000 and offer a stable appreciation trend at 2.5% annually.
Given the ongoing population growth, rental demand is likely to increase alongside property values. This provides potential for investors looking to engage in the buy-to-let market or those who wish to capitalize on short-term rental trends driven by tourism or business travel to the area.
Future Market Outlook
Looking ahead, the Edelweiss real estate market’s future outlook remains positive. Continued population growth is expected to sustain demand for housing across all sectors. With national economic indicators pointing towards steady growth and low interest rates prevailing across Canada’s banking sector, there is an optimistic sentiment among both buyers and investors.
While current trends show moderate price increases for houses and apartments, any changes in local industry or infrastructure development could further propel market conditions upwards. Investors should keep an eye on municipal plans and provincial policies that may impact the real estate landscape in Edelweiss.
