Edmundston, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Edmundston, New Brunswick is currently experiencing a period of moderate growth. The median house price in the region stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady uptick indicates a market that is growing at a sustainable pace without the volatility seen in larger metropolitan areas. Similarly, the apartment sector shows resilience with a median price of $300,000 and a 2.1% rise over the same period. The local population has grown by 7.1%, suggesting demographic trends that could continue to support demand for housing in the area.
Investment Opportunities and Potential
With its consistent growth in property values and an expanding population, Edmundston presents promising opportunities for real estate investors. The city’s housing market has not yet reached the saturation levels observed in Canada’s major urban centers, which means there is potential for further capital appreciation. Rental properties, particularly apartments, may be especially attractive given their more accessible price point and the increasing local demand driven by population growth. Investors should also consider the possibility of leveraging properties for short-term rentals or tourist accommodations, given Edmundston’s appeal as a destination with natural scenic beauty and cultural attractions.
Future Market Outlook
The outlook for Edmundston’s real estate market remains positive. Population growth is likely to sustain demand for housing, and current trends suggest that property values will continue to rise at a steady rate. As long as economic conditions remain stable and interest rates are favorable, both residential and commercial real estate sectors should see healthy activity levels. However, investors and homebuyers should monitor economic indicators such as employment rates and infrastructure developments which could have significant impacts on future market dynamics.
