Fireside, British Columbia 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 Fireside, British Columbia is currently experiencing steady growth. The median house price stands at $500,000, indicating a year-over-year increase of 3.5%. This uptick suggests a healthy demand for housing in the area, driven potentially by both local factors and broader provincial trends.
Apartments in Fireside are also seeing a positive trajectory with a median price of $300,000 and a slower yet consistent year-over-year growth of 2.1%. The more modest growth rate compared to houses implies a different dynamic in the apartment sector or possibly a higher baseline affordability attracting different market segments.
Investment Opportunities and Potential
The investment landscape in Fireside presents promising opportunities, particularly considering the town’s population growth of 7.1%. Such significant demographic expansion signals potential for increased rental demand, which can benefit investors in both residential housing and apartments.
Given the current trends, purchasing property in Fireside could be an astute long-term investment. The steady increase in property values indicates room for capital appreciation. Moreover, the relatively affordable prices compared to major urban centers could attract remote workers or those seeking lifestyle changes post-pandemic, which further supports the investment potential.
Future Market Outlook
The future real estate market outlook for Fireside appears optimistic. Population growth is robust and is likely to continue driving housing demand. Should this trend persist alongside economic stability and supportive local policies, both the housing and apartment markets can expect sustained growth.
Cautious consideration should be given to factors such as interest rate changes, employment rates, and regional economic developments, all of which can impact market conditions. However, given current data and trends, Fireside’s real estate market holds promise for continued prosperity.
