Trending
A red, white, and black flag with a white background.

Guysborough, Nova Scotia Real Estate Market Data

Updated: Nov 2024

House

Median price $495,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.0%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $495,000
4 bedrooms $620,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $340,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,100
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Guysborough, Nova Scotia Real Estate Market Analysis

1. Current Market Conditions and Trends

The real estate market in Guysborough, Nova Scotia, has shown steady growth, evidenced by the median house price of $495,000, which reflects a year-over-year increase of 3.2%. This increment is indicative of healthy demand and a competitive market environment. In contrast, the apartment sector presents a more modest growth trend with the median price standing at $295,000, and a year-over-year increase of 2%. The area’s population growth of 3.3% aligns with the increasing property values, suggesting an influx of residents fueling demand for housing.

2. Investment Opportunities and Potential

Investment opportunities in Guysborough appear promising, particularly in the housing segment. With median prices showing consistent appreciation, investors can reasonably anticipate continued capital gains. Rental properties also present potential given the population increase. The slower appreciation rate in the apartment sector may appeal to investors seeking more affordable entry points into the real estate market or those looking for rental income opportunities in anticipation that demand will continue to grow alongside the population.

3. Future Market Outlook

The outlook for Guysborough’s real estate market remains optimistic. Population growth at a rate of 3.3% suggests ongoing demand for residential properties. If economic conditions remain stable and interest rates are favorable, the housing market is expected to maintain its upward trajectory. However, potential investors should remain aware of broader economic trends and their impact on local real estate dynamics to make informed decisions.