Waterloo, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Waterloo, Nova Scotia is currently experiencing stable growth. The median house price stands at CAD $505,000, reflecting a year-over-year increase of 3.8%. This indicates a relatively healthy market with consistent demand. Apartments are also following an upward trend, albeit at a slightly slower pace, with the median price sitting at CAD $295,000 and witnessing a 2.5% year-over-year growth.
The population of Waterloo has grown to 15,500, which marks a 3.3% increase. This population growth suggests an expanding community that could contribute to sustained demand for housing in the region.
Investment Opportunities and Potential
The continuous population growth paired with steady increases in property values suggest that Waterloo holds promising investment opportunities. The current trends indicate that real estate investments have the potential for appreciation over time. As the median house price has seen a notable rise in the past year, and with apartments following suit, both residential segments present solid options for investors looking to enter the market or expand their portfolio.
Given the ongoing development in the area and its rising popularity as a residential destination, new construction and renovation projects could also be lucrative ventures, catering to the incoming residents who are contributing to the town’s expansion.
Future Market Outlook
The outlook for Waterloo’s real estate market appears optimistic. The combination of healthy property price trends and continued population growth positions the town as an attractive location for both living and investing. Assuming that these trends continue along their current trajectory, we can expect further moderate increases in property values across both houses and apartments.
Moreover, as long as economic conditions remain favorable and Waterloo sustains its appeal among homebuyers and renters alike, the market should maintain its momentum. Investors would be wise to keep a close eye on infrastructure developments and business investments within the area as these factors will play crucial roles in shaping the town’s real estate landscape in the coming years.
