Grandviewwoodlands, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,150,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $675,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $950,000 |
| 3 bedrooms | $1,150,000 |
| 4 bedrooms | $1,350,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $550,000 |
| 2 bedrooms | $675,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2025) | 18,000 |
| Previous Population (2020) | 17,500 |
| Population Change | 2.9% |
| Total Private Dwellings | 7,500 |
| Occupied Private Dwellings | 7,000 |
| Population Density (per km²) | 2.4 |
| Land Area (km²) | 3,000.0 |
Market Analysis
1. Current Market Conditions and Trends
Grandview-Woodlands, a vibrant neighborhood in British Columbia, is currently experiencing a steady real estate market. The median house price in this community stands at CAD $1,150,000, reflecting a year-over-year increase of 4%. This growth rate suggests a healthy demand for housing in the area. Likewise, the apartment sector shows resilience with the median price at CAD $675,000 and following a more modest year-over-year trend of 2.5%.
The area’s population growth of 2.9% is an important driver for the real estate demand, signaling an expanding community that could further boost property values. The current trends indicate that while growth is present, it remains at a sustainable rate which encourages long-term investment and attracts buyers looking for stability in property values.
2. Investment Opportunities and Potential
Investors eyeing Grandview-Woodlands can see potential given its positive price trends and population growth. The steady increase in house prices suggests room for capital appreciation over time. Moreover, the consistent rise in apartment prices indicates an enduring interest in more affordable housing options, which could be beneficial for investors focusing on rental properties.
The neighborhood’s population expansion not only fuels housing demand but also enhances opportunities in rental market investments due to an influx of residents seeking accommodation. Investors should consider the potential for diversified real estate portfolios within Grandview-Woodlands, including both residential and rental properties to capitalize on the area’s balanced growth.
3. Future Market Outlook
The future market outlook for Grandview-Woodlands appears promising due to several factors. The ongoing population growth is expected to maintain its upward pressure on housing demand, potentially leading to continued appreciation in property values. The steady price trends suggest that the market is likely to remain attractive for both homeowners looking to settle in a thriving community and investors seeking long-term gains.
With economic stability and consistent community development initiatives, Grandview-Woodlands may continue to draw interest from buyers and renters alike. However, as with any investment, potential changes in economic conditions and government policies could impact future market dynamics. Investors should keep abreast of local developments and broader economic indicators to make informed decisions.
