Bedford, 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 in Bedford, Ontario
In Bedford, Ontario, the real estate market is currently experiencing a steady growth phase. The median house price in the area stands at $500,000, which marks a year-over-year increase of 3.5%. This consistent uptick in home values suggests a stable and slightly competitive market environment, reflecting healthy demand. Similarly, the median apartment price has reached $300,000 with a somewhat slower growth rate of 2.1% year-over-year. These figures indicate that while both segments of the housing market are appreciating, standalone homes are seeing a higher rate of value increase.
The local population has seen a significant surge of 7.1%, contributing to increased housing demand. This demographic growth can be attributed to Bedford’s appealing living conditions and potential for economic development, making it an attractive destination for families and professionals alike.
Investment Opportunities and Potential in Bedford
The ongoing positive trends in Bedford’s real estate market offer promising investment opportunities. The steady growth rates for both houses and apartments suggest that investments made in residential properties are likely to yield favorable returns over time. Given the robust population increase, there is potential for continued demand for housing which may lead to further appreciation in property values.
For investors looking for long-term capital gains, purchasing single-family homes could be particularly advantageous due to their higher appreciation rate. On the other hand, apartments could be an attractive option for those interested in rental income streams, as the growing population may lead to stronger rental market dynamics.
Future Market Outlook for Bedford
The future market outlook for Bedford remains optimistic based on current trends and data. The sustained population growth coupled with reasonable increases in property values points towards a continuing demand for housing which should support further market stability and growth. Provided that economic conditions remain favorable and the area continues to attract new residents due to its amenities and lifestyle offerings, Bedford’s real estate market is poised to maintain its upward trajectory.
Moreover, investors and homebuyers can take comfort in the fact that Bedford’s real estate has not experienced drastic swings or overheating signs that characterize volatile markets. As such, both short-term investments focused on cash flow through rental properties and long-term investments aimed at capital appreciation seem viable under current conditions.
It is important for stakeholders to monitor factors such as interest rates, employment rates, and regional economic developments which could impact future real estate performance. However, if recent patterns persist, Bedford’s real estate market will continue to offer solid opportunities for investors and homeowners alike.
