Hills, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Hills, British Columbia, currently presents a stable growth environment. The median house price in the region stands at $515,000, experiencing a steady increase of 4.2% year-over-year. This indicates a healthy demand for houses, reflecting consumer confidence and a robust housing sector.
Similarly, the median apartment price is marked at $315,000, with a slower yet positive growth rate of 2.5% year-over-year. The smaller increase in apartment prices compared to houses suggests a more moderate but consistent investment interest in multi-family dwellings.
The population of Hills is approximately 15,500, with an encouraging growth rate of 3.3%. This demographic expansion supports the ongoing demand for housing and can be seen as a contributing factor to the steady appreciation in property values.
2. Investment Opportunities and Potential
Hills’ real estate market offers diverse investment opportunities due to its consistent growth trends. The increase in median house prices indicates a sellers’ market; however, the growth rate remains reasonable enough not to discourage potential investors looking for long-term capital gains.
Apartments offer a lower entry point for investors at $315,000 with a 2.5% appreciation rate, which could appeal to those seeking rental income properties or more affordable investment options. Given the population growth, demand for rental units is likely to remain strong, providing investors with potential for stable rental yields alongside modest capital appreciation.
The demographic development also points towards future infrastructure and community investments which may further enhance property values over time. Investors should consider areas within Hills where there may be planned enhancements or underutilization as these locales could present above-average growth potential.
3. Future Market Outlook
The future outlook for Hills’ real estate market appears promising based on current statistics and trends. Continued population growth will likely sustain the demand for both houses and apartments. If the local economy keeps pace with this demographic trend, we can expect ongoing resilience in the housing market.
The steady climb in property values suggests that Hills will maintain its appeal both as a place to live and invest. As long as economic conditions remain favorable—such as employment opportunities stemming from local business growth—the real estate market should continue to flourish.
However, it’s important for investors and homebuyers to remain cognizant of broader economic factors such as interest rates and national housing policies that could affect affordability and borrowing costs. Staying informed will be key to navigating the future landscape of real estate in Hills, British Columbia.
