Windsor, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Windsor, Nova Scotia is currently experiencing steady growth. With a median house price of $495,000, the market has seen a moderate year-over-year increase of 3.2%. Similarly, the median apartment price stands at $295,000, reflecting a slightly lower yet consistent growth rate of 2% year-over-year. These trends indicate a healthy and growing market that has not experienced the volatility seen in other regions.
The population of Windsor has been growing at a rate of 2.7%, which is above average and suggests an increasing demand for housing. This population growth is likely contributing to the steady appreciation of property values in the area. Furthermore, given Windsor’s status as a small but expanding community, the real estate market is benefiting from its appeal to those seeking a quieter lifestyle outside of larger urban centers.
Investment Opportunities and Potential
For investors looking into the Windsor real estate market, there are promising opportunities. The consistent growth in housing prices indicates a stable investment environment with potential for capital gains over time. The higher percentage increase in house prices compared to apartments may suggest that single-family homes are particularly sought after in this market, potentially providing greater investment returns.
The ongoing population increase also presents an opportunity for rental property investments. A growing population often leads to higher rental demand, which could result in favorable rental yields for investors targeting this segment. Additionally, as the community continues to expand, there may be opportunities for new development projects or renovation of existing properties to cater to incoming residents.
Future Market Outlook
The future outlook for Windsor’s real estate market remains positive. Assuming the continuation of current economic conditions and population growth trends, it is reasonable to expect further gradual increases in property values. The 3.2% annual growth rate in house prices shows resilience and points towards a sustainable upward trajectory without the risk of overheating.
As Windsor’s infrastructure develops and more people are attracted to its lifestyle benefits, demand for both residential and potentially commercial real estate is likely to rise. Investors should monitor factors such as employment rates, infrastructure developments, and regional economic policies that could influence future market performance.
In conclusion, Windsor offers a stable environment for both homeowners and investors with room for growth in the coming years. Continued monitoring of local and national economic indicators will be essential for those looking to capitalize on this market’s potential.
