Queensborough, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Apartment
| Median price | $550,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.7% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $550,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Queensborough, British Columbia, is experiencing stable growth as indicated by the latest market data. The median house price in the area stands at $950,000, which marks a modest year-over-year increase of 2.5%. This suggests a healthy demand for detached homes, likely driven by families seeking residential properties within the region. Similarly, the median apartment price has grown to $550,000, with a slower growth rate of 1.7% year-over-year. This lower growth rate indicates a more saturated market for apartments or a shift in consumer preference towards larger living spaces.
Queensborough’s population has reached approximately 16,000 residents and is on an upswing with a 3.2% population growth rate. Such demographic trends are likely contributing to the steady demand for housing in the area.
Investment Opportunities and Potential
Investors looking at Queensborough will find potential in both the detached home and apartment markets. Given the current median prices and growth rates, detached homes present a stronger capital appreciation potential as indicated by their higher year-over-year price increase. However, apartments also represent an opportunity for investors targeting rental income streams, especially considering the increasing population and potential for further densification of the area.
The steady population growth supports the prospect of sustained demand, which may result in tightened market conditions that could lead to higher property values over time. Investors should carefully monitor demographic trends, local economy and infrastructure developments as these factors could further impact investment returns.
Future Market Outlook
Moving forward, Queensborough’s real estate market looks poised for continued growth albeit at a moderate pace. The ongoing population increase suggests that demand for housing will remain robust; however, this might be tempered by broader economic conditions affecting British Columbia and Canada as a whole. If interest rates remain low and employment levels high within the region, the real estate market is likely to maintain its upward trajectory.
Focused investments in areas with new developments or improved amenities could benefit from above-average appreciation rates. Additionally, given current trends, it would be prudent to monitor policy changes that could affect housing supply such as zoning laws or construction incentives which can have significant implications on future market conditions.
