Balmertown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $245,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Balmertown, Ontario, is currently experiencing a period of moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.2%. This indicates a stable and gradually appreciating housing market that is attractive to both homeowners and investors. Furthermore, the median apartment price stands at $295,000, which has also followed an upward trend with a 2.5% increase over the last year.
The population of Balmertown has reached 15,000 residents with a robust growth rate of 3.4%. This demographic trend suggests an increasing demand for housing as more individuals and families are drawn to the area. The sustained population growth is likely contributing to the steady rise in property prices and may signal a continued demand for residential real estate.
Investment Opportunities and Potential
The real estate market in Balmertown presents several opportunities for investment. Given the steady rise in property values and continued population growth, investing in residential properties could yield positive returns through both capital appreciation and rental income.
Houses offer potential for longer-term equity growth given their higher median price point and stronger year-over-year price trend. On the flip side, apartments might be more accessible to investors due to their lower entry price while still offering reasonable appreciation and the possibility to appeal to various segments of renters such as singles, young professionals, or small families.
With the local economy attracting new residents, developers and investors have opportunities to meet housing demands through new construction or renovation projects. Moreover, given the current trends, long-term investments could be particularly attractive as rental demand is likely to increase alongside population growth.
Future Market Outlook
The future outlook for Balmertown’s real estate market remains positive. Assuming that current trends persist—specifically population growth and incremental increases in property values—the market is poised for ongoing expansion. Continued economic development in the region should further bolster this outlook by creating jobs and attracting new residents who contribute to sustaining demand for housing.
However, external factors such as changes in interest rates, broader economic conditions, or regional policies could affect market dynamics. Nonetheless, given Balmertown’s current trajectory of growth combined with sound economic fundamentals, the real estate market here is expected to remain resilient and offer promising opportunities for both homeowners and investors alike.
