Bailieboro, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.2% |
Stock on market | 0.6% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
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 | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Bailieboro, Ontario exhibits steady growth, with a moderate increase in property values over the past year. The median house price currently stands at $525,000, reflecting a year-over-year growth of 4.2%. Meanwhile, the median apartment price is $320,000, which marks a slightly lower annual growth of 2.5%. This suggests that houses are experiencing slightly stronger demand compared to apartments.
The population of Bailieboro has seen a notable increase of 3.3%, indicating a growing community that could further fuel housing demand. The steady population growth paired with the positive price trend suggests that the Bailieboro market is stable and attracting new residents.
2. Investment Opportunities and Potential
In terms of investment opportunities, the current trends reveal potential for both residential property investors and those looking to enter the rental market. The consistent appreciation in property values provides an optimistic outlook for long-term capital gains. Investor confidence may also be buoyed by the town’s growing population, often a precursor to increased rental demand.
Given the more pronounced rise in house prices compared to apartments, single-family homes might represent a more compelling investment opportunity for those seeking asset appreciation. However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market and may attract significant rental interest due to their affordability.
3. Future Market Outlook
The future market outlook for Bailieboro remains positive with several factors underpinning this sentiment. Continued population growth is likely to drive sustained demand for housing. If economic conditions remain favorable and local employment opportunities expand alongside residential development, this trend could persist.
Moreover, given the relatively moderate increases in property prices, there is room for further growth without the immediate risk of pricing out potential buyers. This balanced growth signals a healthy market that avoids extreme fluctuations associated with boom-bust cycles.
In conclusion, Bailieboro’s real estate market appears poised for continued growth with promising investment opportunities particularly in single-family homes. Prospective investors and homebuyers should monitor local developments closely as these can provide additional insights into future trends.