Blackstock, 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 Blackstock, Ontario, the real estate market is currently experiencing moderate growth. The median house price stands at $500,000 with a year-over-year increase of 3.5%. This suggests a stable upward trend in housing prices, reflecting a healthy demand for residential properties. Similarly, apartments are also seeing an appreciation in value, though at a slightly slower pace, with the median price at $300,000 and a 2.1% year-over-year increase. These trends indicate that both segments of the real estate market are growing but at different rates.
Investment Opportunities and Potential
The steady growth in property values presents clear investment opportunities in Blackstock. The consistent rise in house prices may be particularly attractive to long-term investors looking for capital gains. Meanwhile, the apartment market, although appreciating at a slower rate, could be appealing to investors focusing on rental income due to potentially lower entry costs and ongoing demand for more affordable housing options.
Furthermore, with a notable population growth of 7.1%, there is potential for increased demand for housing units in the coming years. This demographic shift could further drive property values upward and create opportunities for new development projects to meet the growing housing needs.
Future Market Outlook
The future outlook of Blackstock’s real estate market remains positive. Given the current growth trends and robust population increase, it is reasonable to anticipate continued demand for housing which should support ongoing property value appreciation. However, market dynamics can be influenced by broader economic factors such as interest rates and employment levels; therefore, it is essential for investors and stakeholders to stay informed about both local and national economic indicators that could affect the real estate landscape in Blackstock.
Investors should also keep an eye on policy changes or infrastructure developments that could influence future property values. Overall, while no market can be entirely predictable, Blackstock appears poised to maintain its upward trajectory based on current data.