Tatogga, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,600 |
| Population Change | 4.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tatogga, British Columbia currently presents a stable growth environment. With the median house price standing at $485,000, the market has experienced a moderate year-over-year increase of 2.8%. This indicates a consistent but manageable appreciation in property values, which can be attractive to homeowners looking for long-term value retention.
Similarly, the median apartment price is currently $295,000, with a somewhat lower growth rate of 1.9% year-over-year. This suggests that the market for apartments is slightly less dynamic than that for houses, but still shows steady progression.
Tatogga’s population has reached 15,200 residents with an impressive growth rate of 4.1%. This population influx is a positive sign for the real estate market as it often correlates with increased demand for housing.
Investment Opportunities and Potential
The ongoing population growth paired with steady property value increases suggests that Tatogga holds promising investment opportunities. Investors may find the residential housing market particularly attractive due to its stable appreciation. The apartment sector also presents potential, especially for those looking to cater to new residents who may prefer renting over buying when they first move to the area.
Given the current trends, both long-term rental strategies and capital gains approaches could yield favorable returns. There is also room for development projects aimed at meeting the housing demand spurred by the growing population.
Future Market Outlook
The future outlook of Tatogga’s real estate market appears optimistic. The consistent increase in property values points towards a robust market that could continue to benefit sellers and investors alike. Moreover, with the population expected to maintain its growth trajectory, demand for housing should remain strong, potentially leading to further appreciation in property prices.
However, investors and homebuyers should stay informed about local economic developments and national policy changes that could impact mortgage rates and borrowing conditions. A balanced approach considering both current trends and economic fundamentals would be prudent when engaging with Tatogga’s real estate market.
