Paldi, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Paldi, British Columbia, the real estate market exhibits a steady growth pattern. The median house price currently stands at $520,000, with a year-over-year increase of 4.2%. This consistent appreciation indicates a healthy demand for housing in the area. Similarly, the median apartment price has seen growth, albeit at a slower pace, with a current value of $310,000 and an annual trend of 2.5% increase.
The population of Paldi is growing at a rate of 3.3%, now standing at 15,500 residents. This demographic expansion supports the ongoing demand for residential properties and contributes to the vitality of the local real estate market.
Investment Opportunities and Potential
The data suggests that Paldi offers promising investment opportunities in real estate. The continuous increase in property values coupled with the town’s population growth creates an attractive environment for investors looking for capital appreciation or stable rental yields. Single-family homes are particularly appealing due to their above-average price growth compared to apartments.
For those considering investments in multifamily units or apartments, the slower but steady growth in apartment prices presents potential for long-term investment strategies focused on income generation through rent.
Future Market Outlook
The future market outlook for Paldi’s real estate is optimistic based on current trends and demographic indicators. Should the town maintain its current trajectory of population growth and economic stability, it is reasonable to expect continued appreciation in property values.
Investors and prospective homeowners can be cautiously positive about entering the market, considering factors such as low interest rates, regional economic development plans, and infrastructure improvements which could further bolster Paldi’s appeal as a desirable location for both living and investing.
