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
Current Market Conditions and Trends
In Belmont, Ontario, the real estate market has shown steady growth, with median house prices currently sitting at $500,000, marking a year-over-year increase of 3.5%. This is indicative of a healthy demand in the housing sector. Similarly, the median apartment prices have seen a moderate rise to $300,000, with an annual growth rate of 2.1%. These trends suggest a stable and growing market that is attracting both homeowners and investors.
The population of Belmont has experienced significant growth, with an increase of 7.1%, bringing the total to around 15,000 residents. This demographic trend suggests an expanding market with future demands for housing.
Investment Opportunities and Potential
The current trajectory of property value appreciation in Belmont presents lucrative investment opportunities. The consistent growth in house prices reflects a market with strong potential for capital gains over time. Furthermore, the increasing population points towards a sustained demand for rental properties. Investors could benefit from purchasing residential units to rent out as the population continues to swell.
Given the gradual but steady increase in apartment prices, this segment of the real estate market also holds promise for investors looking for lower entry points and long-term investment horizons.
Future Market Outlook
Moving forward, the real estate market in Belmont is poised for continued growth. The town’s robust population increase is likely to keep demand high for both buying and renting properties. If current trends persist, we can expect further gradual increases in property values across both houses and apartments.
The stable price trends hint at a market that is less volatile than others, offering a degree of predictability that can be favorable for long-term investments. With careful monitoring of local economic factors and potential housing policies, stakeholders can make informed decisions to capitalize on Belmont’s real estate potential.
