Bervie, 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 Bervie, Ontario is currently experiencing stable growth. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase. This steady growth indicates a healthy demand for housing in the area. Similarly, the median apartment price stands at $300,000 with a 2.1% year-over-year increase. The population of Bervie has reached 15,000 and is continuing to grow at a rate of 7.1%. This significant population growth is a key driver behind the increasing demand for housing, contributing to the upward trend in property values.
Investment Opportunities and Potential
For investors considering Bervie’s real estate market, there are promising opportunities particularly in residential properties. Given the current trends with median prices for houses and apartments rising steadily, investing now could yield positive returns as market conditions suggest continued growth. The strong population growth further reinforces the potential for rental properties to generate solid income streams. Investors might also explore development projects to cater to the increasing housing demand driven by the robust population growth.
Future Market Outlook
Looking forward, the future market outlook for Bervie appears positive. The consistent upwards trend in house and apartment prices indicates that property values are likely to continue their ascent. The healthy population increase suggests that demand for housing will remain strong. Assuming no major economic disruptions occur, investors can reasonably expect continued appreciation in property values and sustained rental market strength. Stakeholders should stay informed on local developments and infrastructure improvements which could further enhance property desirability and attract new residents.
