Bethany, 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 Bethany, Ontario currently exhibits a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is experiencing steady appreciation, reflecting healthy demand. Similarly, apartments in Bethany have a median price of $300,000 and are showing a slightly more modest growth trend at 2.1% annually.
Bethany’s population has grown by 7.1%, indicating a robust demographic influx which could be driving the housing demand. This growth is a critical factor contributing to the overall health of the real estate market in the region. The consistent population increase suggests that Bethany is an attractive location for new residents, likely due to factors such as employment opportunities, quality of life, or other regional draws.
Moreover, the trends indicate a balanced market where supply and demand are well-matched, preventing drastic swings in prices while allowing for gradual appreciation. This stability makes it an attractive market for both homebuyers and investors.
Investment Opportunities and Potential
Given the steady growth in property values and the significant population increase, Bethany presents numerous investment opportunities. Real estate investors could potentially benefit from both capital gains over time due to property value appreciation and from rental income generated by properties amidst increasing demand.
The current trends suggest that investing in detached homes could yield a higher return due to the higher appreciation rate compared to apartments. However, apartments may offer more affordable investment entry points and appeal to small-scale investors or those looking for lower-maintenance properties.
Additionally, considering the demographic growth and potential for further urban development, investing in properties with potential for upgrades or developments could offer substantial upside potential as Bethany continues to expand and modernize.
Future Market Outlook
The future outlook for Bethany’s real estate market appears optimistic. If current trends hold—the steady population growth coupled with consistent property value increases—Bethany stands as a promising market for long-term investment.
The stable price growth indicates that there is ongoing confidence in Bethany’s market resilience. As such, provided there are no unforeseen economic shifts or policy changes that might negatively impact the housing sector; investors can reasonably expect continued gradual growth over time.
To capitalize on this positive outlook, investors should consider not only immediate returns but also longer-term strategies such as property development projects or holding assets to benefit from expected future price appreciations tied to demographic expansion.