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Belwood, 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 Belwood, Ontario

The real estate market in Belwood, Ontario is currently characterized by moderate growth. The median house price stands at $500,000, with a positive year-over-year increase of 3.5%. This suggests a steady demand for housing in the area and a rising confidence in the local property market. Meanwhile, the median apartment price is also on an upward trend at $300,000, growing at a slower pace of 2.1% year-over-year. This could indicate a slightly softer demand for apartments compared to houses but still highlights overall market health.

Belwood’s population has experienced significant growth with an increase of 7.1%, which further stimulates housing demand. Given this demographic trend, the current real estate market conditions are favorable for sellers due to increasing demand, while buyers may face competitive conditions and rising prices.

Investment Opportunities and Potential in Belwood

For investors considering Belwood’s real estate market, there appears to be promising potential. The steady growth in house prices suggests that investments in residential properties could yield appreciable returns over time. Additionally, the population increase points to a sustained need for housing, potentially leading to opportunities in both property development and rental markets.

Investments in apartments could also be strategic given the lower median price point and growth rate, which may appeal to first-time homebuyers or individuals looking for more affordable housing options. As the community continues to grow, demand for various types of housing units will likely expand as well.

Furthermore, given the overall positive trends and population growth rates, ancillary investment opportunities might arise within the commercial real estate sectors such as retail spaces or office buildings to support the expanding community.

Future Market Outlook for Belwood

The future market outlook for Belwood’s real estate remains optimistic based on current trends and data. With a robust population growth rate of 7.1%, it can be expected that the demand for housing will continue to rise. This demographic momentum is likely to sustain price increases in both houses and apartments as supply strives to keep pace with demand.

Predicting that current year-over-year price trends hold or improve slightly, investors and homeowners alike could anticipate continued capital gains on properties purchased today. However, it will be crucial to monitor economic factors such as interest rates and employment levels within the region as they too can have significant impacts on market conditions.

In conclusion, while there are always uncertainties inherent in any real estate market forecast, Belwood shows promising signs of being a strong market for both residential living and investment opportunities moving forward.