Wolfville, 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
In Wolfville, Nova Scotia, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a consistent upward trend in property values, signaling a healthy demand for housing in the area. Similarly, the median apartment price has reached $300,000 with a slightly lower growth rate of 2.1% year-over-year. This suggests that while apartments are appreciating in value, they are doing so at a more moderate pace compared to houses.
The population of Wolfville is approximately 15,000 and has experienced significant growth at a rate of 7.1%. This demographic expansion can be attributed to the town’s attractive lifestyle offerings, educational opportunities with Acadia University, and its growing reputation as a desirable place to live.
Investment Opportunities and Potential
Considering the steady increase in property values and an expanding population, Wolfville presents several promising investment opportunities. The consistent rise in house prices suggests that purchasing residential properties could yield substantial long-term capital gains for investors. Moreover, as the population grows, demand for rental properties is likely to increase—potentially leading to higher rental yields.
Investors might also find potential in the apartment market due to its lower entry price point and stable appreciation rate. With an influx of students and young professionals seeking accommodations near Acadia University and downtown amenities, apartments could offer a strong occupancy rate and reliable income stream.
Future Market Outlook
The future outlook for the Wolfville real estate market remains optimistic based on current trends and demographic data. If the population continues to grow at or above the current rate of 7.1%, it will likely lead to sustained demand for housing within the town. The consistent appreciation of house and apartment prices indicates a robust market that may continue on its upward trajectory.
However, investors should monitor local economic conditions and national housing policies that could impact mortgage rates or property taxes. Additionally, keeping an eye on the development pipeline for new housing can provide insights into potential shifts in supply that might affect future property values.
In conclusion, Wolfville’s real estate market appears poised for continued growth, offering attractive opportunities for both homebuyers and investors alike. A strategic approach tailored to individual risk tolerance and investment goals is recommended when considering entering this dynamic market.
