Tangier, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,900 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tangier, Nova Scotia is currently experiencing steady growth. The median house price stands at $490,000, reflecting a year-over-year increase of 4.2%. This increment indicates a healthy demand for single-family homes in the area. Similarly, the apartment sector has demonstrated resilience with a median price set at $320,000 and a year-over-year growth of 2.5%. The consistent uptick in property values is indicative of an overall positive sentiment towards the real estate market in Tangier.
Population statistics further bolster this outlook; Tangier’s population has recently reached 15,200, with a growth rate of 2%. This steady increase in residents suggests that the demand for housing will continue to rise, potentially exerting upward pressure on property prices and decreasing inventory levels.
Investment Opportunities and Potential
In light of Tangier’s growing population and the consequent need for housing, investment opportunities are ripe in both the residential and rental markets. Investors should consider capitalizing on the appreciating house prices by investing in single-family properties that are likely to yield substantial returns over time. Similarly, given the slower but consistent growth in apartment prices, there is potential for stable long-term gains in the multi-family dwelling segment as well.
The rental market is also poised for growth due to the increasing population. Prospective investors may find value in purchasing properties to cater to the rental demand that will likely follow as new residents seek accommodation. With strategic investment, there is significant potential for positive cash flow and asset appreciation.
Future Market Outlook
The future outlook for Tangier’s real estate market remains optimistic. Assuming current trends persist, we can expect continued incremental growth in property values across housing types. The strong performance of single-family homes suggests that this segment will remain popular among buyers, potentially leading to greater price increases as supply struggles to meet demand.
The apartment market should also maintain its steady course. While gains are more modest compared to houses, the stability is appealing for investors seeking lower-risk investments with reliable returns.
Demographic trends further support a robust real estate environment with ongoing population growth signaling sustained demand. Infrastructure developments and economic initiatives could amplify this trend further if they are implemented effectively within the region. Investors and homebuyers alike should monitor these factors closely as they will play a crucial role in shaping the future landscape of Tangier’s real estate market.
