Kemano, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| 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 Kemano, British Columbia, is currently experiencing moderate growth. With a year-over-year increase of 2.8% in median house prices, the market is showing signs of steady appreciation. The current median house price stands at $520,000, suggesting a healthy demand for single-family homes. Apartments are also seeing a positive trend with a more modest year-over-year price increase of 1.5%, bringing the median apartment price to $310,000.
The area’s population has grown by 3.4%, indicating an influx of residents which may be contributing to the sustained housing demand. This demographic shift could be driven by factors such as employment opportunities, lifestyle preferences, or the appeal of living in a smaller community within British Columbia.
Investment Opportunities and Potential
Given the upward trend in property values and the growing population, Kemano presents attractive investment opportunities. For investors looking at long-term capital gains, the consistent rise in house prices could signal the potential for continued appreciation in residential properties.
The rising population also suggests a potential for rental investments as newcomers to the area may first seek rental housing. With apartment prices showing moderate increases, investing in multi-unit residential buildings could offer stable rental yields and potential for equity growth over time.
Moreover, new developments and infrastructure projects spurred by population growth could lead to increased demand for both residential and commercial real estate in Kemano, thus presenting diverse investment opportunities across different sectors of the market.
Future Market Outlook
The future outlook for Kemano’s real estate market appears cautiously optimistic. Considering the steady population growth rate and consistent increase in housing prices, it is likely that the demand for housing will continue to support market stability.
However, investors and stakeholders should remain aware of broader economic conditions and regional factors that could impact the market dynamics. Issues such as changes in interest rates, employment trends within the region, and government policies on housing can affect market sentiment and investment outcomes.
In conclusion, while current trends point towards a favourable environment for real estate investment in Kemano, BC., careful monitoring of local and national economic indicators is advised to make well-informed decisions moving forward.
