Squamish, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,000,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $650,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $1,000,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $550,000 |
| 2 bedrooms | $650,000 |
| 3 bedrooms | $750,000 |
Demographics
| Current Population (2025) | 21,000 |
| Previous Population (2020) | 20,000 |
| Population Change | 5.0% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,500 |
| Population Density (per km²) | 2.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Squamish, British Columbia is currently experiencing a period of steady growth, with the median house price sitting at $1,000,000, marking a year-over-year increase of 4%. This indicates a healthy demand for housing in the area, which is also reflected in the median apartment price of $650,000, representing a more moderate growth of 2.5% over the same period.
A key demographic factor contributing to these conditions is Squamish’s population of approximately 21,000 people, which has been growing at a rapid pace of 5% annually. This influx can be attributed to Squamish’s appeal as a lifestyle-focused community with easy access to outdoor activities and proximity to major urban centers like Vancouver.
Investment Opportunities and Potential
Squamish’s robust population growth coupled with rising property values present significant investment opportunities. The continuous demand for housing is likely to drive further development and property appreciation. Moreover, the town’s strategic location between Vancouver and Whistler makes it an attractive option for both long-term renters and short-term vacationers.
Investors may find particular potential in single-family homes due to their higher average appreciation rate. Additionally, the expanding apartment sector could appeal to those looking for lower entry points into the market or aiming to cater to young professionals and small families who prefer modern living spaces close to amenities and public transportation.
Future Market Outlook
Looking ahead, Squamish’s real estate market appears poised for continued growth. The sustained increase in both housing prices and population suggests that demand will remain strong. Infrastructure improvements and economic development initiatives are likely to bolster this trend by making Squamish even more accessible and livable.
In light of these factors, investors can remain cautiously optimistic about Squamish’s market resilience. The combination of natural beauty, lifestyle appeal, and ongoing community investments positions Squamish as a desirable location for both residents and investors well into the future.
