Kildonan, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $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 Kildonan, British Columbia, is currently exhibiting a stable growth pattern. The median house price in the area stands at $520,000, which marks a year-over-year increase of 4%. This consistent rise reflects a healthy demand for residential properties among buyers. Meanwhile, the median apartment price is slightly less aggressive in its growth, with a current figure of $310,000 and an annual appreciation rate of 2.5%. The population of Kildonan has reached 15,500 residents and is growing at a rate of 3.3% per annum, further supporting the sustained demand for housing in the region.
Investment Opportunities and Potential
Given the incremental growth in property values and the positive demographic trends, Kildonan presents several attractive investment opportunities. The steady increase in median house prices suggests that single-family homes are a viable asset class for both short-term gains and long-term capital appreciation. Apartments are also appealing as investments due to their lower entry price point and consistent growth rate. The ongoing population growth is likely to drive rental demand, potentially yielding favorable returns for buy-to-let investors.
Future Market Outlook
The outlook for Kildonan’s real estate market remains optimistic. With a robust population growth rate exceeding the national average, there will be continued upward pressure on housing demand. Assuming that economic conditions remain favorable and that the local job market stays strong, it is reasonable to anticipate that both house and apartment prices will maintain their upward trajectories. However, prospective investors should closely monitor interest rates and other macroeconomic factors that could influence buyer affordability and impact overall market dynamics.
