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Renfrewcollingwood, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $1,200,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.6%

Apartment

Median price $800,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $900,000
3 bedrooms $1,200,000
4 bedrooms $1,500,000

Apartments

Bedrooms Median Price
1 bedrooms $650,000
2 bedrooms $800,000
3 bedrooms $950,000

Demographics

Current Population (2025) 20,500
Previous Population (2020) 20,000
Population Change 2.5%
Total Private Dwellings 8,000
Occupied Private Dwellings 7,500
Population Density (per km²) 2.6
Land Area (km²) 3,000.0

Market Analysis





Renfrew-Collingwood Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Renfrew-Collingwood, British Columbia is currently experiencing steady growth. The median house price in the area stands at $1,200,000, reflecting a year-over-year increase of 4%. This indicates a sustained demand for housing in the community. Similarly, the median apartment price has seen a growth of 2.5% over the past year to reach $800,000. The consistent price trend suggests that the market is stable and growing at a healthy pace.

With a population of 20,500 that has been growing at an annual rate of 2.5%, Renfrew-Collingwood is becoming increasingly attractive to both residents and investors. This demographic growth is fueling the demand for housing, contributing to the positive trends observed in property values.

Investment Opportunities and Potential

The current dynamics within the Renfrew-Collingwood real estate market present several investment opportunities. The consistent increase in property values, coupled with the area’s population growth, positions the neighborhood as a promising location for both residential and rental investments.

The moderate but steady appreciation rate for houses and apartments suggests that investors can expect continued capital gains in the medium to long term. Additionally, with population growth outpacing new housing developments, there is potential for rental properties to see higher occupancy rates and increased rental yields.

Investors may also explore opportunities in developing or refurbishing properties to meet the growing demand for modern and efficient living spaces within this vibrant community.

Future Market Outlook

Looking forward, the real estate market in Renfrew-Collingwood appears poised for continued growth. The ongoing population increase is likely to maintain pressure on housing supply, potentially leading to further escalations in property prices over time. This scenario presents a favorable outlook for homeowners and investors seeking capital appreciation.

However, it’s important to consider external economic factors such as interest rates, employment levels, and broader economic health which can influence buyer affordability and impact market conditions. Nonetheless, if current trends persist, Renfrew-Collingwood could remain an attractive market for both living and investing well into the future.