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 (2024) | 15,000 |
| Previous Population (2019) | 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
In Beaverdale, Ontario, the real estate market is experiencing steady growth, as reflected by the current median house price of $500,000, which marks a year-over-year increase of 3.5%. This trend underscores a healthy demand for residential properties in the area. The market for apartments is also showing positive movement with a median price of $300,000, and an appreciation trend of 2.1% year-over-year.
The population in Beaverdale has grown to 15,000, showcasing a significant growth rate of 7.1%, which is above national averages. This demographic expansion is likely contributing to increased housing demand and could suggest a tightening market where supply struggles to keep up with demand.
Investment Opportunities and Potential
The current real estate trends in Beaverdale offer several promising investment opportunities. The consistent rise in property values indicates a market with potential for capital gains over the medium to long term. Investors may find the single-family housing sector particularly attractive given the stronger growth rate compared with apartments.
Moreover, the robust population growth presents an opportunity for both rental and resale markets. As new residents look for accommodation, investors can capitalize on the demand for rental properties. Given the data, investment in multi-unit residential buildings could be particularly strategic as it aligns with the growing need for housing.
Future Market Outlook
The future outlook for Beaverdale’s real estate market remains optimistic. If current trends continue—supported by ongoing population growth and economic stability—the market should maintain its upward trajectory in both property values and investment returns. However, it is important for investors to monitor local economic conditions and development plans, as these factors will influence long-term market performance.
Given that the population growth rate exceeds national averages, there may be pressure on local infrastructure and services which could result in new developments or improvements that may further enhance property values. Therefore, investors should keep a close eye on municipal planning decisions and infrastructure investments which could impact future property desirability and valuations in Beaverdale.
