Vaughan, 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
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
The real estate market in Vaughan, Nova Scotia, is currently experiencing a phase of steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy demand for single-family homes. Concurrently, the median apartment price stands at $300,000, with a more modest growth rate of 2.1% year-over-year. These figures suggest that while the market is growing, it remains accessible to a variety of buyers.
The population of Vaughan has grown to 15,000 residents, reflecting a substantial population growth of 7.1%. This demographic expansion is likely contributing to the increased demand for housing and underpins the positive trends in property values. The balanced growth rates imply that the market is expanding sustainably, avoiding the volatility seen in some overheated markets.
Investment Opportunities and Potential
In light of the steady appreciation in property values and significant population growth, investment opportunities in Vaughan appear promising. The real estate market offers potential for both capital gains and rental income, especially in the single-family home segment due to its stronger growth trend.
Investors may find particular value in targeting properties that cater to the needs of growing families or professionals moving to Vaughan for employment opportunities. With the rise in population and housing demand outpacing supply, there is also potential for new development projects catering to various segments of the market.
The relatively modest increase in apartment prices suggests an opportunity for investors looking to enter the market at a lower price point, with potential for long-term appreciation as well as rental returns given the increasing local workforce and demographic trends.
Future Market Outlook
The future outlook for Vaughan’s real estate market appears optimistic. Assuming current trends persist, property values are expected to continue their gradual ascent. The robust population growth serves as a fundamental driver for housing demand and suggests that both residential and rental markets will remain active.
However, investors should monitor local economic indicators and planning regulations closely as these factors can significantly influence market dynamics. Additionally, any shifts in interest rates could alter affordability and impact buyer behavior.
In conclusion, Vaughan presents itself as an appealing market with solid fundamentals supporting ongoing growth. Investors considering entry should perform due diligence to align their strategies with the specific characteristics and trajectories within this evolving Nova Scotian community.
