Waterloo, 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 Waterloo, Nova Scotia, currently exhibits a stable growth pattern. With a median house price standing at $500,000, the market has seen a modest but consistent increase of 3.5% year-over-year. This indicates a healthy demand for homes in the area, reflecting the broader national trend of rising property values.
Apartments in Waterloo are also experiencing growth, albeit at a slightly slower pace; the median apartment price is $300,000, with a 2.1% year-over-year increase. This difference in growth rates between houses and apartments may suggest that single-family homes are currently more in demand than multi-family units or that there is more available inventory in the apartment sector.
The local population has experienced significant growth, with an increase of 7.1%. This surge suggests that Waterloo is an attractive destination for individuals and families looking for residential options outside of larger urban centers while still desiring the amenities and lifestyle associated with smaller towns.
Investment Opportunities and Potential
The steady increase in property values coupled with substantial population growth underscores Waterloo’s potential as an attractive investment opportunity. Demand for housing is likely driven by the combination of natural population growth and migration to the region. Investors might consider capitalizing on this trend by investing in residential properties to cater to newcomers or by developing rental units to meet potential increases in rental demand.
The slower growth rate of apartment prices compared to houses could represent an opening for investors to enter the market at a lower price point. However, it is important for investors to conduct thorough market research to understand the specific drivers behind this trend before proceeding.
Given the overall positive economic indicators, Waterloo’s real estate market offers numerous prospects for both long-term capital appreciation and potential rental income streams for discerning investors.
Future Market Outlook
The outlook for Waterloo’s real estate market remains optimistic based on current trends and demographic data. Assuming that the factors driving population growth persist—such as economic opportunities, quality of life, and regional investments—the demand for housing should maintain its upward trajectory.
If local economic conditions remain favorable and infrastructure developments continue to support population inflows, we can expect both house and apartment prices to maintain a steady climb. Additionally, should interest rates remain relatively low or stable, this will further support buyer affordability and sustain market activity.
In conclusion, provided there are no significant economic downturns or policy changes that negatively impact the real estate sector, Waterloo’s real estate market appears poised for continued growth over the medium to long term.
