Baltimore, 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 Baltimore, Ontario exhibits stable growth as indicated by the latest metrics. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes and a competitive market for potential buyers.
In comparison, the median apartment price is currently $300,000, showing a slightly more modest year-over-year growth rate of 2.1%. The slower growth rate in apartment prices may reflect a larger inventory or a shift in consumer preference towards detached homes.
Baltimore’s population has reached approximately 15,000 residents, experiencing a significant population growth of 7.1%. This growth is indicative of Baltimore’s increasing attractiveness as a residential area, which could be due to factors such as employment opportunities, lifestyle amenities, and overall livability.
Investment Opportunities and Potential
The consistent rise in property values suggests that Baltimore offers solid investment opportunities. For investors looking at long-term capital appreciation, the single-family home market presents a particularly attractive option given its higher growth rate. Rental properties also hold potential due to the increasing population which may lead to higher demand for rental accommodations.
Developers and investors might find particular interest in new construction projects or the redevelopment of existing properties to cater to the growing population’s housing needs. Given the trends, there could be an opportunity to capitalize on both the entry-level market and luxury segments.
Future Market Outlook
The future real estate market outlook for Baltimore, Ontario remains positive. With sustained population growth and ongoing demand for housing, it is expected that both house and apartment prices will continue their upward trajectory, albeit at a steady pace. The key drivers for this outlook include:
- Sustained economic development in the area
- Ongoing urbanization and infrastructure improvements
- In-migration fueled by Baltimore’s quality of life and affordability relative to larger urban centers
However, potential investors should be mindful of external economic factors such as interest rates changes, government housing policies, and broader market conditions that could impact the local real estate landscape.
In conclusion, Baltimore’s real estate market shows promise for both homebuyers looking to settle in a growing community and investors seeking opportunities with favorable long-term returns. Continuous monitoring of market trends and demographic shifts will be essential to making informed decisions in this dynamic environment.
