Binbrook, 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 Binbrook, Ontario is currently experiencing a steady increase in property values. The median house price stands at $500,000, with a year-over-year growth rate of 3.5%. This indicates a healthy demand for residential properties, which is likely driven by the area’s desirable living conditions and its proximity to larger economic centers. Meanwhile, the median apartment price is $300,000, with a slower growth trend of 2.1% year-over-year. This contrast suggests that single-family homes are in higher demand compared to apartments, possibly due to changing homeowner preferences or the demographic makeup of the region.
Investment Opportunities and Potential
Investors considering Binbrook’s real estate market can take advantage of the area’s positive growth trajectory. With a population growth rate of 7.1%, one of the highest in the region, Binbrook is rapidly expanding. This population increase is likely to drive continuous demand for housing, suggesting robust investment potential especially in residential properties. Investors should also note that given the current trends, investing in houses may present a slightly higher capital appreciation potential compared to apartments.
Future Market Outlook
The future outlook for Binbrook’s real estate market appears promising. The consistent population growth coupled with an upward trend in property prices positions Binbrook as an attractive area for both homebuyers and investors. If current trends persist, stakeholders can expect continued appreciation in property values. It is important for investors to monitor local economic developments and infrastructure projects that could further influence market dynamics. Careful analysis of future interest rate changes and housing policies will also be critical in forecasting long-term market performance.
