Guildford, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $550,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $450,000 |
| 2 bedrooms | $550,000 |
| 3 bedrooms | $650,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Guildford, British Columbia, is experiencing a steady increase in property values. The median house price currently stands at $950,000, marking a 4.2% year-over-year growth. Similarly, the median apartment price has reached $550,000, with a 3% increase compared to the previous year. These trends suggest a robust and growing market that is continuing to attract interest among buyers and investors alike.
Alongside the price growth, Guildford’s population has also expanded by 3.2%, indicating an influx of new residents and potential homebuyers. This demographic growth can be attributed to the area’s appeal, including its proximity to amenities and economic centers which enhances its attractiveness for families and professionals.
Investment Opportunities and Potential
Given the current market trends, Guildford presents several promising investment opportunities. The consistent rise in property values implies that purchasing real estate in this region could yield considerable returns over time. Investors might look into acquiring properties to cater to the growing population or consider developing rental units given the increasing demand driven by new residents.
For those considering long-term investment horizons, single-family homes remain attractive due to their higher year-over-year price increase when compared to apartments. However, apartments also offer a viable investment route due to their lower entry price point and appeal to individuals or small families seeking affordable housing options.
Future Market Outlook
The future market outlook for Guildford remains positive. The sustained population growth coupled with ongoing price increases suggests that demand for housing will continue to strengthen. While these trends are favorable for sellers and investors, they may present challenges for first-time homebuyers who could face affordability constraints as prices climb.
Long-term investments appear particularly promising as the local economy continues to grow and attract new residents. Therefore, while it is important for investors to remain cognizant of broader economic factors that could impact real estate markets—including interest rates and employment levels—Guildford’s current trajectory points towards a resilient market with potential for continued appreciation in property values.
