Beardmore, 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 Beardmore, Ontario is currently experiencing a steady growth, with the median house price sitting at $500,000 and showing a year-over-year increase of 3.5%. This indicates a consistent demand for housing and a stable investment environment. The apartment sector shows a slightly lesser growth rate of 2.1% year-over-year, with the median price of an apartment being $300,000. This difference in growth rates between houses and apartments may suggest a preference for more spacious living accommodations among Beardmore residents or potential buyers.
Investment Opportunities and Potential
Given the current market trends, investment opportunities in Beardmore appear promising, especially in residential properties. The consistent rise in property values implies that investing in local real estate could yield profitable returns over time. Furthermore, as the population has grown by 7.1%, there is likely an increasing demand for housing. Investors might consider both purchasing properties to rent out and buying land for development as viable strategies to capitalize on the market’s growth trajectory.
Future Market Outlook
The future outlook of Beardmore’s real estate market looks optimistic based on the current data. The healthy population growth rate suggests that the area is attracting new residents, which may continue to drive housing demand upwards. If this trend persists, accompanying economic development could further bolster property values and investment potential in the region. However, investors should remain aware of broader economic conditions that can affect local markets and stay informed on regional developments that could influence future market dynamics.