Rosedale, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $750,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $400,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 0.9% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $650,000 |
| 3 bedrooms | $750,000 |
| 4 bedrooms | $850,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $300,000 |
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Rosedale, British Columbia, the real estate market is currently experiencing a steady growth in property values. The median house price in this community stands at $750,000, with a year-over-year increase of approximately 4%. This increment reflects a healthy demand for detached homes in the area. Meanwhile, apartments are seeing a slightly lower yet positive trend, with a median price of $400,000 and an appreciation rate of 2.5% over the last year.
The population of Rosedale has grown to 16,000 residents, marking a significant growth rate of 3.2%. This demographic expansion is indicative of a robust local economy and could be contributing to the increased demand for housing. These conditions suggest that Rosedale’s real estate market is well-positioned for buyers looking for long-term value retention and sellers who might benefit from the current sellers’ market.
Investment Opportunities and Potential
Rosedale’s real estate market presents promising opportunities for investors. The consistent increase in property values coupled with strong population growth suggests that there is ongoing and potentially increasing demand for housing. Detached homes stand out as particularly attractive investments given their higher annual appreciation rate compared to apartments.
Investors should also take into consideration the potential for rental income. With the population increasing, the need for rental properties may rise, providing landlords with a potentially lucrative income stream. However, investors must also be attentive to changes in local regulations or economic conditions that could affect return on investment.
Future Market Outlook
The outlook for Rosedale’s real estate market remains optimistic based on current trends. If the population continues to grow at its current pace of 3.2%, demand for housing is likely to remain high, further driving property values up. Investors and homebuyers can expect continued growth in both segments of the housing market—detached houses and apartments—though at slightly different rates.
The sustained year-over-year increases in property prices indicate a stable market that may continue to attract investment and offer solid returns. Nonetheless, prospective buyers and investors should monitor local economic indicators and development plans that could influence future market conditions.
