Barhead, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.0% |
Quarterly trend | 4.2% |
Stock on market | 0.6% |
Apartment
Median price | $310,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
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 Barhead, Ontario is currently experiencing steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4.2%. This consistent rise in home prices reflects a robust demand for housing in the area. Similarly, the median apartment price stands at $310,000, which has also risen by 2.5% compared to the previous year. This growth is indicative of a healthy market that is expanding at a sustainable pace.
Barhead’s population growth rate of 3.3% further supports the ongoing demand for housing. The influx of new residents creates additional pressure on both the rental and buyer markets, maintaining upward momentum on property values.
Investment Opportunities and Potential
The current trends in Barhead present promising opportunities for real estate investors. The steady increase in property values suggests that investing in residential properties could yield considerable returns over time. This is particularly true for long-term investments, as the sustained population growth is expected to continue driving demand.
Investors looking at rental properties may find apartments to be an attractive option given their lower entry price point and solid year-over-year appreciation rate. As more people move into the area and seek affordable housing options, rental demand is likely to remain strong, potentially providing investors with a stable income stream.
Future Market Outlook
The future outlook for Barhead’s real estate market appears positive. Given the solid foundation of increasing property values and strong population growth, the market is poised for continued expansion. Barring any unforeseen economic shifts or policy changes that could affect homeowner affordability, Barhead’s real estate sector should maintain its upward trajectory.
However, it’s important for prospective buyers and investors to stay informed about local developments that could impact the market. Infrastructure projects, changes in employment rates, or shifts in interest rates can all influence market conditions. Vigilant monitoring of these factors will be key to making well-informed investment decisions in Barhead’s dynamic real estate environment.