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Vancouver BC Real Estate: Trends and Future Insights in Squamish’s Thriving Market

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JOSEPH LEPAGE

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Squamish Real Estate: Navigating the Trends and Future of This Thriving Market

Estimated reading time: 7 minutes

  • The Squamish market has stabilized in recent years but remains tight due to surging demand paired with limited supply.
  • The community’s allure continues to drive interest among prospective buyers and investors.
  • Although property prices have risen modestly, there are significant challenges regarding affordability and new housing supply.
  • Local initiatives aimed at increasing housing units could provide some relief in the future.

Table of Contents

The real estate landscape in Squamish over the past two years has shown signs of stabilization. According to the 2025 BC Assessment, typical single-family residential properties in Squamish have experienced a modest increase of 1% year-over-year, rising from $1,475,000 in 2024 to $1,483,000 in 2025 (source: Squamish Chief). Similarly, condos and townhouses also saw an increased valuation of 1%, going from $829,000 in 2024 to $833,000 in 2025 (source: Squamish Chief).

This trend indicates a moderately bullish market where property values are holding firm despite fluctuations in broader economic conditions.

Sales Activity and Inventory Levels

As of February 2025, the sales-to-active ratio in Squamish stood at 30%, indicating a seller’s market. This ratio illustrates the proportion of active listings that sold, which is higher than the 22% recorded in February 2024 but lower than the 41% average of the last five years (source: Squamish Chief).

In February 2025, 51 properties changed hands—a notable increase from 36 sales in February 2024, but slightly below the five-year average of 53 sales (source: Squamish Chief). Inventory levels also reflected a moderate uptick, with 169 active listings in February 2025, surpassing the 161 active listings from the previous year, while being above the average of 144 listings over the last five years (source: Squamish Chief).

The Driving Forces Behind Squamish Real Estate Demand

Several factors are propelling the consistent demand for real estate in Squamish:

  • Rapid Population Growth: Squamish is one of the fastest-growing regions in British Columbia, boasting an annual growth rate that is nearly three times the provincial average (source: Local News).
  • Recreational Appeal: Known for its outdoor adventure sports, including rock climbing, mountain biking, and hiking, Squamish attracts not just residents but also investors looking for rental properties to cater to tourists and thrill-seekers (source: Local News).
  • Limited Housing Supply: The availability of new residential units has not kept up with the increasing demand. This gap contributes to challenges in housing affordability, making properties in Squamish highly coveted (source: Local News).
  • Interest Rate Fluctuations: Board market interest rates have a tangible impact on property values. Recent trends suggest that these rates have been a significant influence on buyer behavior and valuations alike (source: Squamish Chief).
  • Competitive Rental Market: The rental landscape is particularly competitive, with high demand driven by limited supply, contributing to affordability challenges for renters (source: Local News).

Future Outlook: What’s on the Horizon for Squamish Real Estate?

The future seems promising for Squamish, particularly under a high growth scenario that predicts the population could balloon to 35,570 residents by 2031 (source: Local News).

Anticipated growth in the rental market seems likely as well, especially due to the ongoing appeal of Squamish combined with a regional housing shortage (source: Local News). Local government initiatives are already in place to focus on creating more housing units and enhancing affordability within the community (source: Local News).

Despite the market’s current stabilization, various economic pressures—including international trade tensions and changes in interest rates—could influence future sales and prices, keeping the real estate landscape dynamic and ever-evolving (source: Squamish Chief).

Understanding Property Types and Pricing in Squamish

As of February 2025, the neighborhood’s sales-to-active ratio diversified across property types, revealing intriguing insights:

  • Detached homes were at a 31% sales-to-active ratio.
  • Condos posted a 16% ratio, reflecting less competition in this particular segment.
  • Townhouses stood out, achieving a robust 53% ratio, indicating them as a highly sought-after option (source: Local News).

The current median list price for homes in Squamish hovers around $1.1 million, a significant investment that reflects both the desirability of the community and the limited supply of available housing units (source: REW). A quick glance at what’s available reveals a spectrum of property types ranging from condos and apartments to family houses and plots of land ready for development (source: REW).

Key Takeaways: The Squamish Real Estate Experience

As we peel back the layers of the Squamish real estate market, here are the key takeaways:

  • The Squamish market has stabilized in recent years but remains tight due to surging demand coupled with limited supply.
  • The community’s allure—the combination of outdoor recreation, proximity to Vancouver, and a thriving lifestyle—continues to drive interest among prospective buyers and investors alike.
  • Although property prices have risen modestly, substantial challenges regarding affordability and new housing supply still loom.
  • Local initiatives aimed at building additional housing units may provide some relief, but economic shifts and trends will be crucial in shaping Squamish’s dynamic market.

In conclusion, whether you’re looking to buy, sell, or invest in property, understanding the intricate nature of the Squamish real estate market is vital. Remaining acutely aware of current trends and market drivers can equip prospective homeowners and investors with the knowledge necessary to make informed decisions. As Squamish continues to grow and evolve, its real estate market promises to be an exciting space for the foreseeable future.

FAQ

What is the current median price for homes in Squamish?
The current median list price for homes in Squamish is around $1.1 million.

Are there significant challenges in the Squamish real estate market?
Yes, challenges include limited housing supply and affordability issues, despite modest price increases.

What drives demand for real estate in Squamish?
Demand is driven by rapid population growth, recreational appeal, limited housing supply, competitive rental markets, and interest rate fluctuations.

How is the future outlook for Squamish real estate?
The future appears promising, with projected population growth and rental market expansion, supported by local government initiatives.

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