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 | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
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 stable growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market shows signs of consistent demand. Similarly, the apartment sector has a median price point of $300,000 with a growth trend of 2.1% over the past year. These figures suggest a balanced market that is attracting both homeowners and investors.
The population of Vaughan stands at 15,000 residents with a robust growth rate of 7.1%. This significant increase in population is likely contributing to the steady appreciation in property values as demand for housing rises. The current trends indicate strong fundamentals underpinning the Vaughan real estate market.
Investment Opportunities and Potential
Vaughan’s real estate market presents attractive investment opportunities, particularly given its steady population growth and housing price trends. The consistent increase in property values hints at long-term capital gains for investors who enter the market now.
Investors may find potential in both the residential house and apartment markets. With houses appreciating at a slightly higher rate than apartments, there might be more opportunity for capital appreciation in the single-family home segment. However, apartments could attract investors looking for lower entry costs and potentially higher rental yield percentages, considering the growing population’s diverse housing needs.
Given Vaughan’s expanding demographic, there is also potential for development projects that cater to the increasing demand for new housing units. Smart investments in emerging neighborhoods or properties with value-add potential could capitalize on this ongoing growth.
Future Market Outlook
The future outlook for Vaughan’s real estate market appears promising based on current data. If the population continues to rise at its current rate, demand for housing is expected to remain strong which should support further property value increases.
However, investors and homeowners alike should stay informed about local economic developments and broader national economic conditions that can impact interest rates and borrowing costs. Monitoring these factors will be crucial in assessing whether the historical trends observed will continue along the same trajectory.
Overall, if Vaughan maintains its current path of growth and development, the real estate market should continue to offer both stability for homeowners and profitability for investors over the coming years.
