Goldstream, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Goldstream, British Columbia, has exhibited steady growth over the past year. The median house price in the region now stands at $515,000, showing a healthy increase of 3.8% year-over-year. This growth indicates a competitive market environment where housing prices are gradually rising, reflecting sustained demand.
Similarly, the median apartment price has risen to $310,000, which is a moderate uplift of 2.3% year-over-year. The less pronounced increase in apartment prices compared to houses suggests that there may be relatively more opportunities for buyers in this segment, or it could indicate a higher inventory of apartments keeping the prices more stable.
The local population of approximately 15,200 residents has grown by 2.7%. This growth contributes to the ongoing demand for housing and supports the positive trends in property values.
Investment Opportunities and Potential
The consistent upward trend in property values presents attractive investment opportunities within Goldstream’s real estate market. Single-family homes have shown stronger appreciation, which may be appealing for long-term investors seeking capital gains. The growth rate suggests that investing in residential properties could yield favorable returns as the market continues to expand alongside population growth.
Apartments offer a different kind of potential; with a lower entry price point and a smaller year-over-year price increase, they might be particularly suitable for investors looking to enter the market with less capital outlay or those aiming to provide rental accommodations to meet the housing needs driven by the growing population.
Future Market Outlook
The future outlook for Goldstream’s real estate market remains optimistic. Given the steady population growth and continuous rise in housing prices, it is likely that demand will persist. Furthermore, as economic conditions evolve and external factors such as interest rates and employment rates affect buyer sentiment, careful observation will be required to anticipate any significant shifts in the market dynamics.
The current trends suggest that both housing and apartment markets will maintain their upward trajectory, albeit possibly at different paces. Investors and prospective homeowners should monitor key indicators such as inventory levels, new development projects, and migration patterns into Goldstream to make informed decisions.
In conclusion, Goldstream offers promising prospects for both homebuyers and investors. With its robust population growth and ascending property values, stakeholders should consider acting sooner rather than later to capitalize on current trends before any anticipated shifts in the market occur.
