Hixon, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
Current Market Conditions and Trends
The real estate market in Hixon, British Columbia is currently experiencing steady growth, as indicated by the 4% year-over-year increase in median house prices, which now stand at $510,000. The apartment sector is showing a more modest growth rate of 1.8% year-over-year, bringing the median apartment price to $295,000. This growth can be partly attributed to the population increase of 3.3%, which suggests a healthy demand for housing in the region.
Investment Opportunities and Potential
The consistent growth in house prices indicates a stable investment environment for residential properties in Hixon. With a median house price significantly below many major urban centers in Canada, there is considerable potential for capital appreciation. The slower growth rate in apartment prices may signal an opportunity for investors to enter the market at a lower point while still participating in the community’s overall growth. Moreover, the population expansion suggests that rental properties could see increased demand, potentially offering attractive returns for buy-to-rent investors.
Future Market Outlook
Looking ahead, Hixon’s real estate market shows promising signs for continued growth. The population is projected to keep rising based on recent trends, which should sustain demand for housing. Although economic factors and changes in interest rates could impact market dynamics, current indicators such as the moderate yet steady price increases and population growth position Hixon as a market with potential for both short-term gains and long-term investments.
