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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





Beardmore, Ontario Real Estate 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.