Topsail, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
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 | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Topsail, Newfoundland and Labrador is currently experiencing steady growth. With a median house price of $505,000, which reflects a 4% year-over-year increase, the market shows a moderate but consistent upward trend in property values. The apartment sector is also seeing a positive trajectory with a median price of $295,000 and a 2.5% year-over-year growth rate.
This growth can be partly attributed to the area’s rising population, which has recently seen a 3.3% increase. This influx of residents may be driving demand for housing in both the private home and apartment sectors. The sustained price increase indicates healthy market conditions, with supply steadily meeting the growing demand.
Investment Opportunities and Potential
The investment landscape in Topsail is promising due to its consistent market appreciation trends. The steady rise in median house prices suggests that purchasing property in this region could result in capital gains over the medium to long term. Furthermore, the increasing population could lead to higher rental demand, making buy-to-rent properties particularly attractive for investors looking for continuous rental income alongside property value appreciation.
Given that apartment prices are growing at a slightly lower rate than houses, there may be an opportunity for investors to enter the market at a more accessible price point while still benefiting from the overall positive price trajectory.
Future Market Outlook
The future of Topsail’s real estate market appears optimistic. Assuming current trends continue, investors and homeowners alike can expect ongoing growth in property values. The persistent population increase should continue to fuel demand for both housing purchases and rentals.
However, it’s important for potential investors and homebuyers to monitor economic factors that could influence interest rates and affordability, as these will play significant roles in sustaining current market trends. Considering all available data points, Topsail stands as an attractive option for those seeking stable investment opportunities within Newfoundland and Labrador’s real estate landscape.
