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
The real estate market in Belgrave, Ontario is currently experiencing steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes and demonstrates resilience in the housing sector. The apartment market is also showing positive movement, with a median price point of $300,000 and a growth trend of 2.1% over the past year. Such gradual appreciation suggests stability in the market for multi-family dwellings.
The population of Belgrave has reached 15,000 residents, marking a robust growth rate of 7.1%. This demographic expansion has likely contributed to the sustained demand for housing in the region and can be seen as a fundamental driver of the current market conditions.
Investment Opportunities and Potential
Investors considering the Belgrave real estate market may find attractive opportunities due to its solid growth trends. The consistent rise in property values, particularly for houses, points to a market that has investment potential for both short-term gains through resale and long-term value appreciation. Given that apartments are also witnessing an upward trend albeit at a slower pace compared to houses, they represent an opportunity for investors looking at entering the rental market or targeting first-time home buyers who may prefer more affordable housing options.
The strong population growth rate further underlines the potential for rental investments as new residents will increase the demand for rental properties. Investors could capitalize on this by focusing on areas with infrastructure developments or those well-connected to business centers within Belgrave.
Future Market Outlook
The future outlook of Belgrave’s real estate market appears optimistic given its current trajectory. Assuming that economic conditions remain favorable and population growth continues at its current or higher rate, demand for housing is likely to sustain or even increase. If this trend persists, we can anticipate continued appreciation in property values across both houses and apartments.
Infrastructure projects and community developments can further enhance property values and attract new residents to Belgrave. Investors and homeowners should monitor these aspects closely as they can significantly impact local real estate dynamics.
In conclusion, while external economic factors and national policy changes could influence the market unpredictably, current indicators suggest that Belgrave’s real estate market is poised for ongoing growth and remains an attractive option for both investors and prospective homeowners.
