Beaverton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Beaverton, Ontario, is currently experiencing moderate growth. The median house price stands at $525,000, with a year-over-year increase of 4.2%. This indicates a steady appreciation in property values but not at an overly rapid pace, suggesting a stable market. Similarly, the median apartment price has risen to $315,000, marking a 2.8% rise from the previous year. The consistent growth across both housing types reflects a balanced demand for different forms of housing in the area.
The population of Beaverton has reached approximately 15,500 residents, with a healthy growth rate of 3.3%. This demographic expansion underpins the increasing demand for housing and can be attributed to factors such as Beaverton’s livability, employment opportunities, and lifestyle amenities that attract new residents.
Investment Opportunities and Potential
Given the steady price appreciation and population growth, Beaverton offers promising investment opportunities. The real estate market presents potential for both short-term returns through rental income and long-term capital gains due to the consistent upward trend in property values.
Investors looking into residential properties may find that single-family homes remain attractive due to their higher appreciation rate. However, apartments should not be overlooked as they offer a lower entry price point at $315,000 and may appeal to a growing segment of the population seeking affordable housing options or downsizing opportunities.
The current trends also suggest potential in developing or investing in properties that cater to the influx of new residents, such as multi-residential units or community-focused developments that enhance the livability of Beaverton.
Future Market Outlook
The future outlook for Beaverton’s real estate market remains optimistic. The consistent growth in both property values and population suggests sustainable development. Assuming no significant economic disruptions occur, this trend is likely to continue as the town further develops its infrastructure and community services to accommodate its growing population.
Local government policies supporting housing development and infrastructure could further bolster this positive outlook by making Beaverton an even more attractive place to live. However, investors should monitor interest rate changes and broader economic factors that could impact mortgage affordability and consequently influence buyer activity in the market.
In summary, Beaverton’s real estate market presents a stable investment environment with room for growth. Careful consideration of property types and ongoing monitoring of macroeconomic conditions will be essential for those looking to capitalize on this market’s opportunities.
