Bayside, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.4% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $315,000 |
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 | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $470,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 14,800 |
Population Change | 4.7% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Bayside, Ontario is currently experiencing steady growth. With a median house price of $525,000 and an annual appreciation trend of 4%, the housing sector is showing signs of a healthy upward trajectory. Similarly, the median apartment price stands at $315,000, with a slightly lower but stable year-over-year increase of 2.5%. These figures suggest that the market is becoming increasingly competitive as more buyers are attracted to Bayside’s properties.
Furthermore, Bayside’s population has been growing at a robust rate of 4.7%, indicating a thriving community with an expanding demand for housing. This population surge is likely contributing to the sustained growth in property values and the overall buoyancy of the real estate market.
2. Investment Opportunities and Potential
For investors seeking opportunities in Bayside’s real estate market, the current trends offer promising potential. The consistent rise in property values coupled with strong population growth provides fertile ground for both short-term gains through property flips and long-term wealth accumulation via rental income or equity growth.
The housing market appears to be particularly attractive for investment, given its higher year-over-year price increase compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the market and may appeal to a broader rental audience given their affordability.
In addition to residential properties, investors may also consider exploring commercial real estate or new development projects, as the expanding population could lead to increased demand for retail spaces, offices, and community services.
3. Future Market Outlook
The future outlook for Bayside’s real estate market remains optimistic. The area’s strong economic indicators—reflected in both property value trends and demographic data—point towards sustained growth over the coming years. If current patterns hold, investors can expect continued appreciation in property values accompanied by a growing tenant base.
In conclusion, Bayside presents itself as an attractive option for real estate investors looking to capitalize on both short-term and long-term market movements. The region’s robust population increase further supports this optimistic outlook, suggesting that Bayside will continue to be an active and dynamic market well into the future.