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Belmont, 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





Belmont, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Belmont, Ontario is currently experiencing a phase of moderate growth. With the median house price at $500,000 and following a year-over-year increase of 3.5%, the market indicates a steady demand for single-family homes. The apartment sector is also progressing, albeit at a slower pace, with the median apartment price sitting at $300,000 and observing a year-over-year rise of 2.1%. This growth trajectory is underpinned by Belmont’s expanding population, which has surged by 7.1% recently, reflecting an influx of new residents and potential homebuyers.

Investment Opportunities and Potential

Bearing in mind the consistent upward trend in housing prices and the significant population growth, Belmont presents several attractive investment opportunities. Investors could benefit from the increasing demand for residential properties fueled by the town’s population increase. The steady rise in housing prices suggests that investments in both houses and apartments can yield appreciable capital gains over time. Additionally, rental properties could also be a lucrative avenue for investors given the growing population which may include renters seeking accommodation in this expanding market.

Future Market Outlook

The future outlook for Belmont’s real estate market looks promising based on current trends and demographic factors. With the population expected to continue its upward trajectory, demand for housing is likely to remain robust. Assuming similar economic conditions persist, the housing market should maintain its gradual growth pattern with continued appreciation in property values. Both buyers looking to enter the market and investors aiming to expand their portfolios should monitor Belmont closely as it offers a stable environment with potential for long-term growth.