Tahsis, 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
The real estate market in Tahsis, British Columbia, is currently experiencing a moderate growth trajectory. With the median house price at $500,000 and witnessing a year-over-year increase of 3.5%, the market is showing signs of steady appreciation. Apartment units are following a similar trend, with the median price standing at $300,000 and growing at a slower rate of 2.1% year-over-year.
The population in Tahsis has seen a significant surge with a growth rate of 7.1%, indicating an influx of new residents or investment into the area. This demographic shift suggests increased housing demand which may continue to underpin property values in the foreseeable future.
Investment Opportunities and Potential
Tahsis offers attractive investment opportunities given its current growth patterns. The consistent increase in property values indicates a healthy demand for housing which is likely to persist as the population expands. Investment in single-family homes could be particularly promising due to their higher appreciation rate compared to apartments.
In addition, the relative affordability of apartments paired with their positive appreciation trend presents an opportunity for investors looking for lower entry points into the market or those interested in purchasing rental properties to cater to new residents who may prefer renting before buying.
Future Market Outlook
The future outlook for the Tahsis real estate market remains optimistic. Continued population growth will likely sustain demand for both houses and apartments. Assuming that current economic conditions hold steady and no significant external shocks affect the housing sector, we can expect continued gradual property value appreciation.
However, investors and potential homebuyers should monitor local economic developments, infrastructure investments, and employment trends as these factors can influence both short-term market fluctuations and long-term sustainability of growth.
