Beaumaris, 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 Beaumaris, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing segment shows resilience and a positive trajectory. Similarly, the median apartment price stands at $300,000, with a slightly lower year-over-year appreciation of 2.1%. This indicates that while both housing types are appreciating in value, houses are gaining equity at a faster pace than apartments.
The population of Beaumaris has seen significant growth, currently at 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion is a key driver for demand in the housing market, potentially leading to increased property values over time as demand outpaces supply.
Investment Opportunities and Potential
Investment opportunities in Beaumaris are promising due to its growing population and the escalating demand for residential properties. Investors looking to purchase real estate in this area can expect capital gains given the positive trends in house and apartment price growth. Houses present a more robust investment opportunity with higher appreciation rates.
The rental market is another area worth exploring due to the influx of new residents seeking accommodation. Investors could leverage this by purchasing properties to rent out, thereby capitalizing on both rental yields and long-term property appreciation.
Future Market Outlook
The future market outlook for Beaumaris is optimistic. The continued population growth will likely sustain demand for housing and could lead to a tightening of inventory levels, potentially pushing prices upward. Should the current appreciation trends hold, investors and homeowners could see substantial equity growth in the years ahead.
However, investors should also pay attention to economic indicators such as employment rates, interest rates, and regional economic policies that could affect the real estate market’s performance. Vigilance and ongoing analysis will be crucial for making informed investment decisions in Beaumaris’s dynamic market.
