Tiverton, Nova Scotia 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 in Tiverton, Nova Scotia
The real estate market in Tiverton, Nova Scotia, is experiencing moderate growth, with the median house price currently standing at $500,000, representing a year-over-year increase of 3.5%. This indicates a steady demand for housing in the area with a healthy appreciation rate that aligns with national averages. Similarly, the apartment market is also showing growth, albeit at a slightly lower rate of 2.1% year-over-year, bringing the median apartment price to $300,000.
The population of Tiverton has risen to 15,000 people and is growing at a robust rate of 7.1%. This growth can be attributed to Tiverton’s appeal among homebuyers and investors looking for residential or rental properties due to its picturesque settings and lifestyle offerings. The increasing population is likely contributing to the demand for housing within the region and supporting the steady price growth.
Investment Opportunities and Potential in Tiverton
Given the current trends and demographic shifts, Tiverton presents several investment opportunities. The continuous increase in property values suggests that investing in real estate could yield positive returns over time. For investors looking for immediate income-generating assets, apartments could be particularly attractive due to their lower entry price point compared to houses and their appeal among renters.
The ongoing population growth implies a sustained or possibly increasing demand for rental properties. Investors might find opportunities in both purchasing existing properties or developing new residential units that cater to the diverse needs of Tiverton’s expanding community. Given the town’s scenic charm and potential for tourism-related activities, there may also be potential in vacation rentals or other short-term rental investments.
Future Market Outlook for Tiverton Real Estate
The future market outlook for Tiverton’s real estate appears promising. The consistent population growth not only drives housing demand but also stimulates local economic development which can lead to increased property values over time. Assuming that regional economic conditions remain favorable and no significant market disruptors emerge, both housing and apartment markets should maintain their upward trend.
However, prospective investors should monitor several factors that could influence future market conditions including interest rate changes, broader economic trends impacting employment and income levels within the region, as well as any shifts in provincial or federal policies affecting property ownership and land development. Overall, if current trajectories continue, Tiverton’s real estate market may offer stable long-term growth prospects for discerning investors.
