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Tomslake, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
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 $440,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 14,800
Population Change 2.7%
Total Private Dwellings 6,100
Occupied Private Dwellings 5,600
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Tomslake, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Tomslake, British Columbia, is currently exhibiting a steady growth trajectory. As of the latest data, the median house price stands at $485,000, marking a 4% year-over-year increase. This suggests that the housing market is experiencing moderate appreciation, which is a healthy indicator for both buyers and sellers. In contrast, the median apartment price is comparatively lower at $295,000, with a more subdued annual appreciation rate of 2.5%. The differential growth rates indicate that houses are currently a more dynamic sector in Tomslake’s real estate market.

The population of Tomslake has been increasing at a rate of 2.7%, now standing at approximately 15,200 residents. This influx is likely contributing to the demand for housing and may be partially responsible for the upward pressure on property prices.

Investment Opportunities and Potential

Given the current trends, Tomslake presents several promising avenues for real estate investment. The steady increase in home values suggests that purchasing residential properties could yield solid returns over time. The stronger growth in house prices compared to apartments may attract investors looking for potentially higher capital gains.

The growing population also implies an ongoing need for rental properties. Investors could benefit from acquiring apartment units to cater to individuals and small families who prefer or require this type of accommodation. With a 2.5% year-over-year increase in apartment prices, there is potential for both capital appreciation and rental income generation.

Future Market Outlook

The outlook for the Tomslake real estate market remains optimistic. If current trends persist, investors can expect continued growth in property values, supported by population expansion and sustained demand for housing. The consistent rise in median prices indicates that the market has underlying strength and resilience.

However, potential investors should remain vigilant regarding broader economic factors that could influence interest rates and affordability—two critical components that can impact market dynamics significantly.

In summary, Tomslake’s real estate market appears robust with balanced opportunities for investment in both the housing and apartment sectors. Careful consideration of long-term trends and external economic pressures will be essential for successful engagement with this market.