Granisle, 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 Granisle, British Columbia is currently experiencing moderate growth. The median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This indicates a steadily appreciating housing market in the area. Similarly, apartments are becoming more valuable, with the median price at $300,000 and witnessing a slower yet consistent annual growth of 2.1%. The population of Granisle has reached 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion suggests a rising demand for housing in the community.
Investment Opportunities and Potential
In light of the current trends, Granisle presents potential investment opportunities particularly in residential real estate. The consistent appreciation in property values coupled with significant population growth positions the market as an attractive destination for both long-term investments and rental properties. Investors may find the steady increase in house prices indicative of a stable market with lower risk for capital investments. Moreover, the robust population growth may lead to a higher demand for rental units, suggesting that purchasing apartments could yield profitable returns through rental income.
Future Market Outlook
The future outlook for Granisle’s real estate market remains optimistic. Given the current trajectory of both property values and population trends, it is reasonable to forecast continued growth in the housing sector. Should the local economy sustain its momentum and support further population increases, demand for housing is likely to persist, thus maintaining upward pressure on property prices. However, investors should also consider macroeconomic factors such as interest rates and employment rates in the broader British Columbia region when evaluating long-term prospects.
