Telford, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Telford, Nova Scotia is experiencing a period of steady growth. With a median house price of $485,000, the market has seen a consistent year-over-year increase of 3%. Similarly, the median apartment price stands at $295,000, following a slightly more modest year-over-year growth trend of 1.8%. This incremental growth signifies a stable and reliably appreciating housing market.
Demand in Telford’s real estate sector has been buoyed by its growing population, which has recently increased by 3.3%, bringing the total to approximately 15,500 residents. This demographic expansion has contributed to the healthy demand for housing in both the private residential and rental sectors.
Investment Opportunities and Potential
The current trends indicate that Telford presents significant investment opportunities. The consistent rise in home values suggests that investing in residential properties could yield profitable returns over time. With a stable increase in prices, investors can benefit from capital gains upon resale as well as from rental income.
In light of the population growth and ongoing demand for housing, there is potential for new development projects that cater to various segments of the market. Affordable housing projects might be particularly attractive given the rise in median prices, offering opportunities for developers to meet an emerging need in the community.
Future Market Outlook
The future outlook for Telford’s real estate market remains positive. The sustained population growth of 3.3% is likely to continue driving demand for housing. Given that current trends show steady price increases without signs of significant volatility, the market appears set for ongoing growth.
The combination of rising property values and demographic expansion sets an optimistic tone for both short-term and long-term investments. Prospective investors should keep an eye on infrastructural developments and employment opportunities within Telford since these factors will further influence the real estate dynamics and potentially accelerate market growth.
In conclusion, Telford’s real estate market demonstrates stability and growth potential, underlining its appeal to both homeowners and investors alike. Continuous monitoring of economic indicators and being alert to policy changes remain crucial for making informed decisions in this evolving market.
