Baxter, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| 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 | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of now, the real estate market in Baxter, Ontario is experiencing a steady growth in property values. The median house price sits at $525,000, with a positive year-over-year trend of 4%. This indicates a healthy demand for residential properties and a robust housing market. Similarly, the median apartment price is positioned at $310,000, with a slightly lower growth trajectory of 2.5% on an annual basis. The consistent upward trends reflect a stable investment environment for both houses and apartments.
The population of Baxter has also been growing at a rate of 1.33%, suggesting an increasing demand for housing driven by demographic factors. The current inventory levels, days on the market, and sales-to-new listings ratio would provide further insights into market conditions such as the balance between supply and demand.
Investment Opportunities and Potential
The ongoing appreciation of property values in Baxter presents attractive investment opportunities for both residential and rental markets. Investors looking to acquire assets in Baxter can anticipate capital gains based on the historical growth rates, especially in the single-family home segment which has outpaced apartments in terms of price appreciation.
The rental market could also benefit investors due to the continuous population growth that fuels rental demand. Identifying areas within Baxter that are undergoing infrastructural development or are in proximity to amenities could result in higher rental yields and long-term value retention.
Furthermore, as more people seek residences outside major urban centers post-pandemic, communities like Baxter may see increased interest from remote workers and families prioritizing space and affordability—factors that can potentially enhance real estate values over time.
Future Market Outlook
The future outlook for Baxter’s real estate market remains optimistic given its current performance and underlying fundamentals. Assuming no significant economic disruptions or policy changes affecting homeownership, the steady population growth and sustained interest in suburban areas like Baxter hint at continued market stability and potential for further price increases.
However, it is important to monitor interest rate trends, employment levels within the region, and any changes to government policies regarding real estate to gauge their impact on future market conditions. Investors should consider these macroeconomic indicators alongside local developments to make informed decisions about entering or exiting the Baxter real estate market.
