Balderson, Ontario 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
The real estate market in Balderson, Ontario is currently experiencing a steady growth with median house prices sitting at $500,000, which represents a 3.5% year-over-year increase. The median apartment price in the area is $300,000, showing a slower yet positive growth trend with a 2.1% year-over-year increase. This data indicates a healthy and growing market that is attracting interest from buyers and investors alike.
The population of Balderson has grown by 7.1%, which is significantly higher than the national average, suggesting an increasing demand for housing. This growth in population often correlates with economic development within the region, potentially leading to greater demand for both residential and commercial real estate.
Investment Opportunities and Potential
Balderson’s real estate market offers promising investment opportunities, particularly in residential properties. Given the consistent rise in property values and the robust population growth, investors can expect a favourable return on investment in both house and apartment markets. The current trends suggest that purchasing property in Balderson could yield solid capital gains over time as well as potential rental income streams.
With median prices for homes and apartments being quite accessible compared to larger urban centres, Balderson presents an attractive market for first-time buyers and smaller investors looking to enter the real estate market without overextending financially.
Future Market Outlook
The future outlook for the Balderson real estate market remains optimistic. The ongoing population growth of 7.1% suggests a continued need for housing which may put upward pressure on property prices and encourage new developments. If current economic conditions persist, we can anticipate further appreciation of property values at a rate that exceeds national averages.
However, potential investors should also consider broader economic factors such as interest rates, employment levels within the region, and any anticipated infrastructure projects which could influence future market conditions. Keeping abreast of local and national news will be key for making informed investment decisions moving forward.
In conclusion, Balderson’s real estate market shows significant promise for both short-term gains through resale and rental income as well as long-term capital appreciation. With careful consideration of market conditions and vigilant investment strategies, stakeholders can potentially benefit from this growing Ontario community.
