Beaverdale, 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 Beaverdale, Ontario is currently experiencing a steady growth pattern. With the median house price at $500,000 and witnessing a year-over-year increase of 3.5%, the market shows healthy appreciation rates that reflect both the demand for single-family homes and the overall economic stability within the region. On the other hand, apartments in Beaverdale are slightly more affordable with a median price of $300,000, and they have seen a modest year-over-year price trend increase of 2.1%. This slower rate of growth for apartments may indicate a larger demand for detached housing in the area.
The population of Beaverdale stands at approximately 15,000 residents, with a robust growth rate of 7.1%. The significant population increase implies an expanding market with potential for increased housing demand in the near future. Such demographic trends are crucial for investors to watch as indicators of potential shifts in market dynamics.
Investment Opportunities and Potential
The current market conditions in Beaverdale suggest that investment opportunities are ripe, particularly in regard to single-family homes which are experiencing greater appreciation rates compared to apartments. Investors looking to maximize capital gains might consider this segment of the market for its stronger growth potential.
The steady population increase also opens doors for investment in new residential developments to meet rising demand. Long-term strategies could include buying land for development or investing in pre-construction projects that may benefit from future price escalations. Residential rental properties could also be a promising avenue, considering the influx of new residents who may initially seek rental accommodation before purchasing homes.
A key point to note is that while prices are growing, they remain moderate compared to larger metropolitan areas, making Beaverdale an attractive option for investors seeking markets with room for growth but at lower entry points.
Future Market Outlook
The future real estate market outlook for Beaverdale is optimistic. Given the solid population growth coupled with consistent property value appreciation, it is likely that demand will continue to support moderate price increases over time. As long as economic conditions remain stable and interest rates do not rise significantly enough to deter buyers or investors, these upward trends are expected to persist.
However, it is important for stakeholders to keep abreast of local economic developments, infrastructure investments and any policy changes that could impact the real estate landscape. Vigilance in monitoring these factors will be key to making informed decisions about entering or exiting the Beaverdale market at opportune times.
In conclusion, Beaverdale presents a promising outlook for both homebuyers and investors. With its growing population and consistent property value appreciation, the area holds potential for rewarding investment opportunities while maintaining an element of affordability relative to larger urban centers.