Mackenzie, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,500 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $499,500 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Mackenzie, British Columbia is currently experiencing a steady growth in property values. The median house price stands at $499,500, which represents a 4% increase year-over-year. This suggests a healthy market with consistent demand for housing. Meanwhile, apartments are more modestly priced at a median of $295,000, with a slower growth trend of 1.5% year-over-year. This differential in growth rates may indicate a stronger preference or demand for single-family homes in the area.
With a population of 15,000 and an above-average population growth rate of 3.4%, Mackenzie is expanding faster than many other Canadian towns, which could further stimulate housing demand. This demographic trend is an important factor contributing to the overall health of the real estate market.
Investment Opportunities and Potential
The current trends reveal that Mackenzie offers promising investment opportunities, particularly in the single-family home segment. The solid growth in median house prices suggests that investing in residential properties could yield favorable returns. Moreover, the positive population growth rate not only promotes a stable rental market but also indicates potential for long-term property value appreciation.
Growth in apartment prices being lower than houses could make them an attractive entry point for investors looking to cater to individuals or smaller households who may prefer more affordable housing options. As the town grows and attracts new residents, both rental and resale markets are likely to benefit.
Future Market Outlook
The future market outlook for Mackenzie appears optimistic. Given the steady increase in property values and ongoing population growth, the demand for housing is likely to remain strong. If current economic conditions persist, investors can reasonably expect continued appreciation in property values over time.
The diverse range of investment opportunities—from single-family homes experiencing higher growth rates to apartments with lower entry costs—provides multiple avenues for investors with different strategies and capital availability. Stakeholders should keep an eye on regional economic developments and infrastructure investments as these factors will play crucial roles in shaping the future landscape of Mackenzie’s real estate market.
