Beckwith, 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 Beckwith, Ontario, is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent upswing indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price has reached $300,000 with a slower yet positive year-over-year trend of 2.1%. Such growth can be attributed to the town’s rising population, which has seen a significant 7.1% boost.
Investment Opportunities and Potential
Investors looking into the Beckwith real estate market can anticipate potential given the robust population growth and stable price appreciation. The single-family housing market appears particularly promising with a higher appreciation rate, suggesting that investments in this sector may yield more substantial returns over time. Apartments also present an attractive opportunity for those looking to cater to individuals or small families who prefer more affordable or flexible living options.
Demand for rental properties could be on the rise as well due to the influx of new residents, which increases the potential for real estate investment properties to generate favorable cash flow. Investors should also consider the development possibilities within Beckwith due to its expanding population; new residential and mixed-use projects could meet future housing needs and stimulate local economic activity.
Future Market Outlook
The future outlook for Beckwith’s real estate market remains optimistic. Population growth is likely to sustain demand for housing, both in purchases and rentals. If current trends continue, property values are expected to maintain their upward trajectory, albeit at a cautious pace reflective of broader economic conditions.
Prospective changes in interest rates, governmental housing policies, and regional economic developments will play critical roles in shaping the market’s direction. Stakeholders should monitor these factors closely to make informed decisions. Nonetheless, Beckwith’s real estate market presently exhibits characteristics suggestive of both stability and potential growth that investors and homebuyers may find attractive.
