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Jasper, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $550,000
Monthly growth 1.5%
Quarterly trend 4.0%
Stock on market 0.6%

Apartment

Median price $320,000
Monthly growth 1.0%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $450,000
3 bedrooms $550,000
4 bedrooms $650,000

Apartments

Bedrooms Median Price
1 bedrooms $270,000
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





Jasper, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Jasper, Ontario is currently experiencing steady growth. The median house price in the region stands at $550,000, with a year-over-year increase of approximately 4%. This indicates a growing market that is attracting interest from homebuyers and investors alike.

The apartment sector is also showing positive trends, albeit at a slightly more moderate pace. With a median price of $320,000 and an annual growth rate of 2.5%, apartments are becoming an increasingly viable option for individuals seeking more affordable housing solutions or investment properties.

The population of Jasper is on the rise, with current figures reflecting a total of 15,500 residents and a robust growth rate of 3.3%. This demographic expansion is contributing to the demand for housing in the area, further bolstering property values and market activity.

Investment Opportunities and Potential

Jasper’s real estate market offers promising investment opportunities. The consistent upward trend in house prices suggests that purchasing residential property can lead to capital gains over time. Investors looking for long-term growth would find the single-family housing market particularly appealing.

The apartment market also presents potential for investors, especially those interested in rental income. With prices increasing at a steady rate of 2.5% year-over-year, coupled with the population growth indicating higher demand for rental units, apartments could offer stable returns with lower entry costs than houses.

Future Market Outlook

The future outlook for Jasper’s real estate market remains optimistic. Ongoing population growth is expected to continue fueling demand for both ownership and rental properties. As the local economy expands and attracts new residents, we can anticipate further strengthening of the housing market.

If current trends persist, we forecast that both median house and apartment prices will continue their upward trajectory. However, potential investors should also consider economic factors such as employment rates, interest rates, and regional development plans that could impact the market dynamics in Jasper.

In conclusion, Jasper’s real estate market shows significant promise with its steady price increases and robust population growth. Both residential houses and apartments offer attractive opportunities for investors focused on long-term appreciation and rental income potential. Continuous monitoring of economic indicators will be vital in maximizing investment strategies within this vibrant market.