Trending
A red, white, and black flag with a white background.

Walhachin, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.5%
Quarterly trend 4.2%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 1.0%
Quarterly trend 2.8%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $485,000
4 bedrooms $575,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $345,000
3 bedrooms $430,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,500
Population Change 3.4%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Walhachin, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Walhachin, British Columbia, is currently experiencing steady growth. With a median house price of $485,000, there has been a year-over-year increase of 4.2%. This suggests a healthy demand for housing in the area, which is outpacing many other regions across the province. Similarly, the median apartment price stands at $295,000, reflecting a year-over-year trend increase of 2.8%. The moderate growth rate in apartment prices indicates a consistent market with potential for long-term investment.

The population of Walhachin has seen a notable increase, with current figures around 15,000 residents and a growth rate of 3.4%. This demographic expansion is likely contributing to the increased demand for housing and is an indicator of the area’s economic vitality.

Investment Opportunities and Potential

In light of the robust population growth and upward trending property values, Walhachin presents attractive investment opportunities. The solid increase in house prices demonstrates potential for capital appreciation on residential properties. Investors may find particular value in acquiring single-family homes that could benefit from this appreciation over time.

The apartment sector’s slower yet consistent price growth offers an alternative investment route—appealing to those looking for more affordable entry points into the real estate market or those interested in rental properties to cater to residents who may not be ready to purchase homes.

The local economy’s health and demographic trends suggest that both rental and owner-occupied markets will continue to be supported by a growing population base, making investments in multi-unit residential buildings potentially lucrative as well.

Future Market Outlook

The future outlook for Walhachin’s real estate market appears promising. The combination of steady population growth and rising property values points towards ongoing demand for housing. Should these trends persist, investors can reasonably expect continued appreciation in property values over the mid to long term. However, it is essential to consider external economic factors that may impact interest rates and borrowing costs, which could affect buyer affordability and potentially slow market activity.

Favorable conditions today do not guarantee future performance; hence, ongoing monitoring of both local and national economic indicators remains crucial for understanding potential shifts in the market dynamics. Nonetheless, current indicators suggest that Walhachin remains an appealing option for those looking to invest in real estate with an optimistic view towards future returns.