Kitsilano, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,850,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.5% |
| Stock on market | 0.6% |
Apartment
| Median price | $850,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 3.2% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,600,000 |
| 3 bedrooms | $1,850,000 |
| 4 bedrooms | $2,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $700,000 |
| 2 bedrooms | $850,000 |
| 3 bedrooms | $1,000,000 |
Demographics
| Current Population (2025) | 19,000 |
| Previous Population (2020) | 18,500 |
| Population Change | 2.7% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,500 |
| Population Density (per km²) | 2.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kitsilano, British Columbia, exhibits stable growth with the median house price currently standing at $1,850,000, reflecting a year-over-year increase of 4.5%. This increment signifies a healthy demand for housing in the area, coupled with a relatively limited supply that pushes prices upward. Similarly, the median apartment price has seen an increase to $850,000, marking a 3.2% year-over-year rise. These statistics suggest that Kitsilano is experiencing a consistent upward trajectory in property values.
Investment Opportunities and Potential
Kitsilano presents several attractive investment opportunities, particularly for those interested in residential properties. Given the solid appreciation rates for both houses and apartments, investors can expect continued capital gains in the medium to long term. The ongoing population growth of 2.7% further underpins the potential for rental investments as more people seek accommodation in this desirable locale. The current market conditions indicate that investments made now could benefit from sustained growth both from asset appreciation and rental yield perspectives.
Future Market Outlook
Looking forward, the Kitsilano real estate market is poised for continued growth. The area’s popularity is bolstered by its vibrant community, proximity to downtown Vancouver, and scenic views, which are likely to keep driving demand. Moreover, with the population projected to grow steadily, the need for housing will persistently rise. These factors combined with historical trends suggest that Kitsilano’s real estate market will remain resilient and should maintain its upward trend in property values making it a compelling area for both homebuyers and investors alike.
