Ymir, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $310,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.8% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
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
The real estate market in Ymir, British Columbia, currently presents a steady growth pattern. The median house price stands at $525,000, reflecting a year-over-year increase of 4%. This moderate appreciation indicates a healthy and stable market that is not experiencing the volatility seen in some larger markets. The apartment segment is also showing growth, albeit at a slightly more modest rate of 2.8% year-over-year, with the median apartment price now at $310,000.
A contributing factor to these trends is Ymir’s population growth of 3.4%, which suggests an increasing demand for housing. This steady influx of residents can be attributed to Ymir’s economic prospects, quality of life, and attractiveness to both young professionals and retirees. The demand for housing is expected to maintain its current trajectory as the town’s population continues to rise.
Investment Opportunities and Potential
Investors looking into the Ymir real estate market will find opportunities especially in the single-family home sector due to its stronger growth trend. With a median price point accessible compared to larger urban centers and a steady appreciation rate, investment in detached homes could be highly beneficial for both rental income and capital gains.
Apartments offer a lower barrier to entry for real estate investors and could appeal to those seeking to cater to the rental market for individuals or small families who are not yet ready or willing to invest in a standalone home.
Given the positive population growth trend, new development projects could also present lucrative opportunities. There is potential for both residential developments to meet the growing housing demand and commercial projects to serve the increasing population.
Future Market Outlook
The outlook for Ymir’s real estate market appears optimistic. Population growth is likely to continue fueling demand for housing, supporting both price stability and gradual appreciation. Assuming no major economic disruptions occur, both housing segments should maintain their upward trends.
Attention must be paid to regional economic factors that may influence the market indirectly such as employment rates, local industry performance, and infrastructure developments. However, given current indicators, Ymir seems poised for continued growth in its real estate sector.
In conclusion, while careful monitoring of external economic factors remains essential, Ymir represents an attractive market with solid fundamentals for both homeownership and investment purposes.