Belgrave, 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
As of the latest data, the real estate market in Belgrave, Ontario is experiencing steady growth. The median house price in this community stands at $500,000, showing a healthy year-over-year increase of 3.5%. This indicates a market that is growing at a moderate pace, which is beneficial for both buyers and sellers as it suggests stability and avoids the pitfalls of an overheated market that could lead to a bubble.
The apartment sector is also seeing positive movement with a median price of $300,000 and a 2.1% year-over-year price trend. This more modest growth rate compared to houses may reflect a larger supply or less demand for apartments but nonetheless points towards a gradual appreciation in value.
With a population of 15,000 that has grown by 7.1%, Belgrave’s real estate market is likely being fueled by this influx of new residents seeking housing. The population growth can be attributed to factors such as employment opportunities, quality of life, and Belgrave’s appeal to both retirees and young families.
Investment Opportunities and Potential
Given the steady growth in housing prices and the significant increase in population, Belgrave presents several attractive investment opportunities. The continuous rise in median house prices suggests that investing in residential properties could yield profitable returns over time. For those looking at long-term investment horizons, single-family homes might particularly be appealing due to their higher appreciation rate.
The apartment market, while growing at a slower pace, still offers potential for investors—especially those interested in rental income. As new residents move into the area, the demand for rental properties is likely to increase, which could push both rental rates and apartment values up.
Belgrave’s expanding population also opens doors for investments beyond residential real estate. Commercial properties to serve the burgeoning community or development projects that include mixed-use spaces could benefit from the town’s growth trajectory.
Future Market Outlook
The future outlook for Belgrave’s real estate market appears optimistic. With solid growth trends and an expanding population base, one can reasonably expect continued demand for housing which should keep driving prices upward at a sustainable pace. However, potential investors and current homeowners should monitor local economic conditions and national policy changes that could impact interest rates and borrowing costs.
In summary, Belgrave’s real estate market shows promising signs for future growth based on current trends and demographic shifts. While no investment is without risk, careful analysis suggests that both residential and commercial investors can find opportunities in this vibrant Ontario community.