Taylor, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| 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 in Taylor, British Columbia
In Taylor, British Columbia, the real estate market is exhibiting steady growth, as evidenced by the current median house price of $525,000. This represents a 4.2% increase in house prices over the past year. Apartments in the area are also experiencing growth, albeit at a slower pace, with the median apartment price now standing at $310,000—a year-over-year increase of 2.5%. These trends indicate a healthy demand for housing in Taylor, driven by factors such as local economic conditions and demographic shifts.
The area’s population has grown by 2% to reach 15,300 residents. This gradual population increase contributes to the sustained demand for housing, both for homeownership and rental purposes. The current market conditions suggest that real estate in Taylor remains attractive to buyers and investors looking for modest but consistent growth.
Investment Opportunities and Potential in Taylor
Taylor’s real estate market presents promising investment opportunities. The stable increase in property values suggests that investments made now could yield considerable returns over time. With house prices trending upwards at a rate of 4.2%, investors might find single-family homes particularly appealing for long-term capital gains.
Apartments, with their 2.5% price increase, offer a different kind of potential—appealing to investors interested in rental properties or more affordable entry points into the real estate market. Given the population growth and the consequent need for diverse housing options, there is potential for both rental income and appreciation in apartment investments.
Moreover, new developments and infrastructure projects could further enhance property values and attract new residents to the area, presenting additional opportunities for investors to capitalize on Taylor’s growing market.
Future Market Outlook for Taylor
The future market outlook for Taylor appears optimistic. The consistent growth in population suggests that demand for housing will continue to rise. Assuming that economic conditions remain favorable and no major shifts occur locally or nationally that could disrupt market dynamics, it is reasonable to expect that property values will continue on an upward trajectory.
The historical data combined with current trends imply that both house and apartment prices may experience steady increases going forward. This bodes well for those looking to invest in real estate or homeowners seeking to build equity over time.
However, as with any investment decision, potential buyers and investors should conduct thorough research and consider local market conditions specific to Taylor before making commitments. Keeping abreast of regional economic developments and infrastructure initiatives will also be crucial in accurately forecasting the town’s real estate outlook.
