Tsawwassen, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $1,350,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.2% |
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 | $1,100,000 |
3 bedrooms | $1,350,000 |
4 bedrooms | $1,600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $600,000 |
2 bedrooms | $650,000 |
3 bedrooms | $700,000 |
Demographics
Current Population (2025) | 17,000 |
Previous Population (2020) | 16,000 |
Population Change | 6.3% |
Total Private Dwellings | 7,000 |
Occupied Private Dwellings | 6,500 |
Population Density (per km²) | 1.8 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tsawwassen, British Columbia is currently experiencing a steady growth in property values. With a median house price of $1,350,000, the market has seen a 4.2% year-over-year increase. This indicates consistent demand and a robust housing market. Meanwhile, the median apartment price stands at $650,000 with a slower growth rate of 2.5% year-over-year.
The population of Tsawwassen has grown by 6.25%, suggesting an influx of new residents and potential homebuyers. This demographic shift likely contributes to the sustained property value appreciation and could be indicative of a strong local economy attracting new residents.
Investment Opportunities and Potential
Investors considering the Tsawwassen real estate market will find potential in both housing and apartment sectors. Given the continuous rise in house prices at over 4%, single-family homes represent solid investments for capital gains over time. The slower growth rate for apartments offers an affordable entry point for investors, with potential for rental income and long-term value appreciation.
With Tsawwassen’s growing population, demand for rental properties may increase, potentially driving up rental rates and yields for investors. Furthermore, as the community expands, there might be opportunities in new developments or in refurbishing older properties to cater to the changing needs of residents.
Future Market Outlook
Looking ahead, Tsawwassen’s real estate market appears poised for continued growth. The combination of population expansion and consistent property value increases suggests a positive trajectory for the housing market. However, investors should remain cognizant of broader economic factors such as interest rates and employment levels that could impact buyer affordability and investment returns.
Given the current trends, Tsawwassen may experience sustained or possibly increased property demand, particularly if the area continues to attract new residents and maintains its economic vitality. This environment would likely support ongoing investment opportunities with favorable prospects for both short-term income generation through rentals and long-term capital appreciation.