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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





Belgrave, Ontario Real Estate 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.