Yale, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $520,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $315,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $520,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Yale, British Columbia, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $520,000, with a year-over-year increase of 4%. This indicates a healthy demand for houses in the area. On the other hand, apartments are showing a slightly lower growth rate, with the median apartment price at $315,000 and a trend growing by 2.5% annually. This difference in growth rates may reflect a higher demand for single-family homes over apartments.
The population of Yale has grown to 15,500 residents, reflecting a robust growth rate of 3.3%. This demographic expansion is likely contributing to the sustained demand for housing and could be indicative of a dynamic local economy attracting new residents.
Investment Opportunities and Potential
The consistent growth in house prices coupled with the stable increase in apartment values suggests that Yale presents promising investment opportunities for both residential and rental markets. For investors considering long-term equity gains, purchasing single-family homes could be particularly advantageous given the higher rate of appreciation.
The positive population trend further bolsters the potential for rental investments as more people may be seeking housing before committing to homeownership or while they explore this growing community. As such, apartments could represent an opportunity to cater to this segment of the market with potentially lower initial investment costs than houses.
Future Market Outlook
Moving forward, Yale’s real estate market appears positioned for continued growth. The current trends are supported by demographic momentum which tends to underpin demand. Given that both house and apartment prices are on an upward trajectory—albeit at different paces—the outlook remains optimistic.
The key factors to monitor will be ongoing population growth and economic conditions that could influence employment opportunities within the region. Provided these indicators remain positive, investors can reasonably expect sustained market health and potentially profitable investment conditions in Yale’s real estate landscape.