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, currently presents a stable growth environment. With a median house price of $500,000 and experiencing a year-over-year increase of 3.5%, the housing sector continues to show strength. Similarly, the apartment sector follows an upward trajectory with median prices at $300,000 and a growth rate of 2.1% over the past year.
This positive trend is further underpinned by Beckwith’s significant population growth of 7.1%. This demographic expansion signals a robust demand for housing that could sustain the market’s health and contribute to consistent property value appreciation. The combination of rising property values and steady population growth may result in heightened demand for both residential and rental properties.
Investment Opportunities and Potential
Given the current market trends, Beckwith offers compelling investment opportunities, particularly in residential housing. Investors can leverage the steady appreciation in house prices to build equity over time. The 3.5% increase in median house prices indicates room for capital gains for those looking to invest in single-family homes or townhouses.
The apartment sector also presents attractive prospects for investors seeking lower entry points or diversification within the real estate market. With a 2.1% growth rate, investing in apartments could be ideal for those targeting long-term rental income streams, especially considering the ongoing population influx which may spur rental demand.
Moreover, new development projects could emerge as lucrative ventures due to the expanding population base requiring accommodation. Investors looking to enter early into such developments might capture greater value appreciation as these projects reach completion and occupancy rates rise.
Future Market Outlook
Looking ahead, Beckwith’s real estate market is poised for sustained growth bolstered by its flourishing population. The consistent upward movement in house and apartment prices suggests that the real estate market will remain resilient with opportunities for both homebuyers and investors.
The key driver for future market performance will likely be the region’s ability to maintain its appeal as a desirable place to live while supporting infrastructure development that caters to its growing community. Should Beckwith continue on its current trajectory of attracting new residents and investments into local amenities, we can reasonably expect continued healthy market conditions.
In conclusion, Beckwith’s real estate market shows promise with positive trends in property valuation and demographic growth. Potential investors are encouraged to closely monitor local developments and consider long-term strategies to capitalize on this burgeoning market.