Biscotasing, 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 Biscotasing, Ontario, currently showcases a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the housing market is experiencing steady appreciation. This trend points to a healthy demand for housing in the area. Similarly, the apartment market is showing positive momentum with a median price of $300,000, growing at a slightly lower rate of 2.1% over the past year.
The population of Biscotasing has grown by an impressive 7.1%, indicating an influx of residents and potential for continued real estate demand. This population growth supports the observed increases in real estate values and suggests that the market is driven by genuine demand rather than speculative investment.
Investment Opportunities and Potential
The current trends in Biscotasing offer various investment opportunities. The steady climb in both house and apartment prices may appeal to long-term investors seeking capital appreciation. The significant 7.1% population growth presents potential for rental property investments to cater to new residents who may not be immediately purchasing homes.
Given that house prices are rising at a faster rate than apartments, single-family homes might present a more attractive opportunity for equity gains. However, apartments could be a more accessible entry point into the market or preferred for investors looking to cater to individuals or smaller households who favor renting over homeownership.
Future Market Outlook
Looking ahead, the future of Biscotasing’s real estate market appears promising due to the ongoing population growth and consistent upward trend in property values. Assuming no major economic disruptions occur, these patterns are likely to continue, supporting gradual growth in property prices and investment potential.
Nevertheless, it is important to remain cognizant of broader economic factors that can impact local markets, such as changes in interest rates, employment levels, and regional development initiatives. Investors are advised to stay informed on these factors while considering the solid fundamentals currently displayed by Biscotasing’s real estate market data.
