Guildford, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $525,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $475,000 |
| 2 bedrooms | $525,000 |
| 3 bedrooms | $575,000 |
Demographics
| Current Population (2025) | 17,000 |
| Previous Population (2020) | 16,000 |
| Population Change | 6.3% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.9 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Guildford, British Columbia, is currently experiencing a period of growth. With the median house price sitting at $950,000, there has been a year-over-year increase of 4.2%. This indicates a steady upward trend in housing prices, signaling strong demand and a robust market. In contrast, apartments in Guildford are slightly more affordable with a median price of $525,000, which has seen a smaller yet consistent annual growth rate of 3%. The population in Guildford is approximately 17,000 residents and has grown by 6.25% recently, further driving the demand for housing in the area.
Investment Opportunities and Potential
The positive trends in property values suggest that Guildford offers promising investment opportunities. The growth in housing prices reflects an active market where investments can appreciate over time. The smaller increase in apartment prices compared to houses implies an accessible entry point for investors looking to capitalize on rental markets or first-time homebuyers. Given the population growth rate, investors could expect continued demand for both rental and owned properties, supporting the potential for strong returns on investment.
Future Market Outlook
The outlook for Guildford’s real estate market remains optimistic. Population growth is likely to sustain demand for housing, potentially pushing prices higher as supply struggles to keep pace with increasing numbers of residents seeking accommodation. The consistent appreciation of home values suggests that the local real estate market is resilient and poised for future growth. Investors and homebuyers should closely monitor the area’s development plans and demographic trends to make informed decisions about entering or expanding their presence in Guildford’s housing market.
