Queensborough, 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 in Queensborough
The real estate market in Queensborough, British Columbia, is currently experiencing steady growth, as indicated by the median house price of $500,000, which represents a 3.5% year-over-year increase. This suggests a stable and growing demand for housing in the area. Similarly, the median apartment price stands at $300,000, with a more modest year-over-year increase of 2.1%. The trends indicate that while houses are appreciating at a slightly faster rate than apartments, both sectors of the market are showing positive momentum.
The population of Queensborough has reached approximately 15,000 residents, with a significant population growth of 7.1%. This robust population increase is likely contributing to the sustained demand for housing and can be seen as a driving force behind the consistent appreciation in property values.
Investment Opportunities and Potential in Queensborough
Given the steady rise in property prices and robust population growth, Queensborough presents attractive investment opportunities. The solid growth in house prices suggests that single-family homes could be a viable investment option, especially considering the potential for continued appreciation. Apartments also offer investment potential, particularly for those looking to enter the market at a lower price point or those interested in rental income opportunities.
With the ongoing population increase, there will likely be sustained demand for rental properties. Investors may consider exploring new construction projects or renovation opportunities to cater to the growing community’s housing needs. Additionally, since the market is not experiencing explosive growth rates, investors may find Queensborough to be a less volatile market with more predictable returns.
Future Market Outlook for Queensborough
Looking ahead, Queensborough’s real estate market appears poised for continued growth. The combination of steady price increases and significant population growth indicates that there may be ongoing demand for both purchasing and renting properties. Assuming no major economic disruptions occur, investors can cautiously anticipate similar trends moving forward.
The 3.5% growth rate in house prices suggests that there remains room for appreciation, making it an appealing time for homebuyers and investors to consider entering the market before prices potentially rise further. For apartments, the 2.1% growth rate also points to healthy investment prospects, especially if rental demand continues to climb alongside the population.
In conclusion, while past performance does not guarantee future results, current indicators such as stable price trends and population dynamics suggest that Queensborough’s real estate market has strong fundamentals that could support sustained growth over the coming years.
