Louisbourg, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $480,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $480,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
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) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Louisbourg, Nova Scotia, the real estate market exhibits stable growth, as indicated by the median house price of $480,000, which represents a 3% increase year-over-year. This increment in housing prices suggests a healthy demand for residential properties within the area. The median apartment price also reflects positive momentum, standing at $290,000, with a 2.5% rise year-over-year. These trends are indicative of a balanced market with steady appreciation rates.
The population of Louisbourg has reached approximately 15,000 residents, experiencing a significant population growth of 3.4%. This demographic change is likely contributing to the increased demand for housing and could be an important factor in driving future real estate dynamics in the region.
Investment Opportunities and Potential
The current real estate climate in Louisbourg offers promising opportunities for investors. The consistent growth in property values, combined with the area’s increasing population, presents potential for both short-term gains through property flipping and long-term investment through rental properties. With apartment prices experiencing a slightly lower growth rate than houses, investment in multi-unit residential buildings could be particularly appealing due to potentially higher rental yields relative to property value increases.
Given the town’s historic charm and scenic location, there may also be opportunities within niche markets such as vacation rentals or heritage property restorations which can cater to tourists and history enthusiasts alike.
Future Market Outlook
The outlook for Louisbourg’s real estate market remains optimistic. The consistent growth in median house and apartment prices suggests that the market is on an upward trajectory. If the current population trend continues at its rate of 3.4%, it is reasonable to anticipate sustained demand for housing which should underpin further property value increases.
However, potential investors must also stay aware of broader economic factors that could impact the real estate market, including interest rate changes, employment rates in surrounding areas, and any shifts in provincial or federal policies affecting property ownership or land use.
To capitalize on Louisbourg’s growing market while mitigating risk, investors should consider diversified real estate portfolios that balance residential units with commercial or special-purpose properties suited to the region’s unique characteristics and economic drivers.
