Howser, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.3% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 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
Current Market Conditions and Trends
The real estate market in Howser, British Columbia is currently experiencing a period of growth, as indicated by the year-over-year increase in property values. The median house price stands at $525,000, having risen by 4.2% over the past year. In comparison, the median apartment price is $310,000, showing a smaller yet steady increase of 2.5% year-over-year.
A growing population, which has seen a rise of 3.3% recently, supports this upward trend in property values. This demographic expansion suggests a healthy demand for housing is likely to persist which may continue to drive property prices upward.
Investment Opportunities and Potential
Given the current growth trends, Howser presents appealing investment opportunities, particularly in residential properties. Investors could benefit from the continued appreciation in house prices due to the robust population growth. With houses appreciating at a faster rate than apartments, investments in single-family homes could yield higher returns in terms of capital gains.
However, apartments should not be overlooked as they offer an accessible entry point into the real estate market for both investors and first-time home buyers alike. Their lower median price point coupled with a steady appreciation rate makes them an attractive option for rental income as well as long-term investment strategies.
Future Market Outlook
Looking ahead, the future market outlook for Howser remains optimistic. The solid pace of population growth will likely continue to fuel demand for housing. If economic conditions remain stable and interest rates favorable, we can anticipate sustained growth in property values.
Nevertheless, potential investors and homeowners should remain vigilant about national economic trends and local developments that could influence market dynamics. Factors such as employment rates, infrastructure projects, and changes in mortgage regulations could impact future growth trajectories and market stability.
