Kaleden, British Columbia 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 | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $280,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Kaleden, British Columbia is currently experiencing steady growth. The median house price in the area stands at $550,000, reflecting a year-over-year increase of 4%. This consistent rise in house prices indicates a healthy demand for residential properties and a robust market condition.
Similarly, the apartment sector has shown resilience with the median apartment price reaching $320,000 and a growth trend of 2.5% over the past year. This moderate appreciation rate suggests that the market for apartments is expanding, albeit at a slower pace than houses.
Contributing to the positive trends in Kaleden’s real estate market is the population growth of 3.4%, which is significantly higher than national averages. This influx of residents is likely fuelling demand for housing and helping to maintain upward pressure on property values.
2. Investment Opportunities and Potential
Given the steady growth in both housing prices and population, Kaleden presents promising investment opportunities. Investors looking to capitalize on long-term capital gains might consider single-family homes due to their stronger year-over-year price increases.
With the median house price at $550,000 and trending upwards, investments in residential properties could yield substantial returns as demand continues to be driven by population growth. Furthermore, rental properties could benefit from the inflow of new residents seeking accommodations, potentially leading to low vacancy rates and stable rental income streams.
Apartments offer a more affordable entry point for investors at a median price of $320,000 and still provide room for appreciation given the positive trend observed. This sector might be especially appealing for investors aiming to cater to smaller households or those looking for lower-maintenance properties.
3. Future Market Outlook
The future market outlook for Kaleden’s real estate remains optimistic based on current trends and demographic indicators. The sustained population growth suggests ongoing demand for housing, which should continue to support property value appreciation.
While single-family homes are currently experiencing a higher rate of appreciation, apartments also present opportunities as more people may seek more affordable living options or downsize from larger dwellings.
Investors and homeowners alike should remain cognizant of broader economic factors such as interest rates and employment levels that could influence market conditions. However, barring any unforeseen economic downturns or significant policy changes impacting real estate, Kaleden’s market appears poised for continued growth and prosperity.
