Kildonan, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Kildonan, British Columbia
In Kildonan, British Columbia, the real estate market is currently exhibiting stable growth. The median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This consistent uptick in housing prices indicates a healthy demand for residential properties in the area. Similarly, the apartment sector has seen a rise with the median apartment price reaching $300,000, following a year-over-year trend of 2.1%. These figures suggest that both segments of the market are expanding moderately.
The local population of 15,000 has experienced significant growth at a rate of 7.1%, which is substantially higher than many other regions. This surge in population is a strong driver for the demand in housing, contributing to the steady increase in property values. The demographic trend implies a sustained need for various types of housing, making the region’s real estate market vibrant and dynamic.
Investment Opportunities and Potential in Kildonan, British Columbia
The robust population growth paired with consistent appreciation in property values presents attractive investment opportunities within Kildonan’s real estate market. Investors can leverage these conditions by engaging in both short-term and long-term investment strategies. Short-term investors might focus on flipping properties amid rising house prices, whereas long-term investors could capitalize on rental income due to the increasing demand for housing from the growing population.
Given that both segments—houses and apartments—are experiencing upward price trends, diversification across different types of properties could mitigate investment risks while maximizing potential returns. Furthermore, the relatively moderate price increases indicate a market that is less likely to experience abrupt corrections or volatility, providing a level of stability for investors looking to enter this market.
Future Market Outlook for Kildonan, British Columbia
The future outlook for Kildonan’s real estate market remains promising based on current data and trends. The ongoing population growth suggests that demand for housing will continue to rise, potentially leading to further increases in property values over time. As long as economic conditions remain stable and supportive of growth (such as employment opportunities within or near Kildonan), it is reasonable to anticipate that both the median house and apartment prices may continue their gradual ascent.
Investors and homebuyers should monitor factors such as interest rates, local economic policies, and infrastructure developments which could impact market dynamics. Nonetheless, if current trends persist without major economic disruptions affecting affordability and demand, Kildonan’s real estate market is poised for continued growth and presents itself as an attractive location for both residing and investing.
