Tsawwassen, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $1,200,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.5% |
Apartment
Median price | $650,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $900,000 |
3 bedrooms | $1,150,000 |
4 bedrooms | $1,350,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $620,000 |
2 bedrooms | $640,000 |
3 bedrooms | $700,000 |
Demographics
Current Population (2025) | 18,000 |
Previous Population (2020) | 17,500 |
Population Change | 2.9% |
Total Private Dwellings | 7,000 |
Occupied Private Dwellings | 6,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tsawwassen, British Columbia, is currently characterized by steady growth. The median house price in this area stands at $1,200,000, which reflects a year-over-year increase of 2.8%. This moderate appreciation rate indicates a stable and growing market that has been able to maintain upward momentum despite economic uncertainties.
Similarly, the median apartment price has seen an increase, currently sitting at $650,000, with a year-over-year growth of 2.5%. This consistent growth pattern across housing types suggests a balanced demand for both houses and apartments in the region.
The population of Tsawwassen is approximately 18,000 residents, with a healthy growth rate of 2.9%. This demographic expansion can be attributed to the area’s attractiveness to both individuals and families looking for residential stability in a dynamic community.
Investment Opportunities and Potential
The investment potential in Tsawwassen’s real estate market is promising due to its steady growth rates and demographic expansion. Investors considering entry into this market can expect modest but reliable appreciation on their investments. The consistent demand for housing supports the prospect of rental income as well as long-term capital gains.
The market’s resilience is evidenced by the continuous price trends upwards, suggesting that purchasing real estate in Tsawwassen might be a prudent move for those looking to diversify their investment portfolio with property assets. With both housing prices and population on the rise, investors could capitalize on the increasing demand for rental properties.
Future Market Outlook
The future outlook for Tsawwassen’s real estate market appears optimistic. Given the current trends and the ongoing population growth, it is reasonable to anticipate that property values will continue to rise at a steady pace. The consistent rate of appreciation points towards sustainable growth rather than a speculative bubble.
The desirability of Tsawwassen as a residential location is likely to persist due to its community amenities, natural beauty, and proximity to major economic hubs. As long as these factors remain attractive, the demand for real estate should support continued health in the market.
Investors and potential homeowners are encouraged to monitor local and national economic indicators closely since changes in interest rates, employment figures, and broader economic policies can impact local real estate markets. However, based on current data, Tsawwassen’s real estate prospects look promising for both short-term gains and long-term investment stability.