Blairton, 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 Blairton, Ontario is currently experiencing steady growth with a median house price sitting at $500,000, which reflects a year-over-year increase of 3.5%. This indicates a healthy appreciation rate for homeowners and a stable investment environment for potential buyers. On the other hand, the median apartment price is observed at $300,000, with a slightly more modest year-over-year growth of 2.1%.
This trend suggests that while both housing types are appreciating in value, houses in Blairton are seeing a relatively stronger increase compared to apartments. The population of Blairton stands at 15,000 and has experienced significant growth of 7.1%, which can be associated with increased demand for housing and may lead to further upward pressure on property prices.
Investment Opportunities and Potential
The current market conditions present several attractive investment opportunities in Blairton. The consistent increase in property values points towards the potential for solid capital gains for investors over time. Furthermore, the robust population growth suggests that rental properties could be in high demand, providing investors with the opportunity to generate stable rental income streams alongside potential long-term asset appreciation.
Houses represent a particularly promising investment given their higher appreciation rate compared to apartments. However, lower entry costs and sustained demand make apartments an appealing option for investors looking to diversify their portfolios or those with less capital available.
Future Market Outlook
The future of Blairton’s real estate market appears promising. If the current trends persist—namely the steady population increase and consistent growth in property values—the local real estate market is likely to remain buoyant.
Demand is expected to stay strong due to ongoing population growth fueled by factors such as regional economic development and migration patterns favoring smaller urban centers like Blairton. Assuming no major economic disruptions occur, both houses and apartments should continue to offer valuable investment opportunities with sustainable growth potential over the coming years.
In summary, careful monitoring of economic indicators and regional developments will be key for investors aiming to capitalize on the positive trajectory of Blairton’s real estate market.
