Ballycroy, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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
The real estate market in Ballycroy, Ontario is currently experiencing steady growth. With a median house price of $520,000, the market has seen a year-over-year increase of 4%. Similarly, the median apartment price stands at $310,000, with a slightly lower growth rate of 1.8% year-over-year. These figures indicate a healthy and growing market that is attracting homeowners and investors alike.
The population of Ballycroy has also been on the rise with a growth rate of 1.33%, suggesting an increasing demand for housing in the area. This demographic trend aligns with the observed price increases and points to sustained demand for both houses and apartments in the near future.
Investment Opportunities and Potential
For potential investors, Ballycroy offers attractive opportunities in both residential properties and rental apartments. The consistent growth in property values suggests that investments made now could yield substantial returns as the market continues to expand.
Investors should note the higher growth rate in house prices compared to apartments. This differential may signal a particularly strong opportunity in the single-family home segment, where appreciation might outpace that of apartments over time. With population growth expected to continue, rental properties also present a viable investment due to an anticipated rise in demand for housing options.
Future Market Outlook
Looking ahead, the real estate market in Ballycroy is poised for ongoing growth. The combination of steady population increases and consistent property value appreciation suggests that both residential and rental markets will remain robust. As long as these trends continue, Ballycroy represents a promising area for real estate investment and development.
However, investors should remain vigilant regarding local economic conditions and any potential changes to factors such as interest rates or government policies that could impact the housing market. Staying informed on these fronts will be key to making well-founded decisions in this active market.
