Mackenzie, 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
The real estate market in Mackenzie, British Columbia, has been exhibiting steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing positive momentum. Similarly, the median apartment price is currently $300,000, with a growth rate of 2.1% over the past year. These figures suggest a healthy demand for housing in the area.
The population of Mackenzie is approximately 15,000 residents with a notable growth rate of 7.1%. This increase in population is likely contributing to the demand for housing and can be considered one of the driving forces behind the appreciating property values.
Investment Opportunities and Potential
Given the trends in population growth and property value appreciation, Mackenzie represents an attractive location for real estate investors. The consistent rise in median house and apartment prices indicates a strong market with potential for capital gains over time. Investors may find opportunities in both residential properties for long-term appreciation and rental properties to leverage the growing population’s need for housing.
Furthermore, with a relatively moderate median price point compared to larger urban centers, Mackenzie offers more accessible investment options for both individual investors and investment groups looking to diversify their portfolio into real estate.
Future Market Outlook
The future real estate market outlook for Mackenzie appears optimistic. The combination of steady price increases and significant population growth suggests that demand will continue to drive the housing market forward. Assuming economic conditions remain stable and supportive of growth, it’s reasonable to expect that both house and apartment prices may continue on an upward trajectory.
Investors should monitor local economic developments, such as employment rates and infrastructure projects, which could further influence the real estate market positively. Additionally, staying informed about national economic indicators will provide context for how broader trends might affect local market dynamics in Mackenzie.
