Bluevale, 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 Bluevale, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is demonstrating resilience despite broader economic uncertainties. The median apartment price stands at $300,000, which has followed a slightly more modest year-over-year increase of 2.1%. This disparity in growth rates between houses and apartments may indicate a stronger demand for single-family homes in the region.
The population of Bluevale has seen significant growth with a 7.1% increase, suggesting that the area is attracting new residents at a healthy rate. This influx may be driven by factors such as employment opportunities, lifestyle preferences, or the overall appeal of Bluevale as a residential community.
Investment Opportunities and Potential
With Bluevale’s population on the rise and housing prices steadily increasing, investment opportunities in the local real estate market appear promising. Investors might consider capitalizing on the sustained demand for single-family homes, where the higher growth rate presents potential for greater returns.
Apartments offer a more accessible entry point for investors due to their lower median price point. Although the appreciation rate for apartments is lower compared to houses, they could present a stable investment option with the potential for rental income due to growing housing needs associated with population growth.
Furthermore, given that Bluevale’s market is not experiencing dramatic price fluctuations, it may appeal to investors seeking stable markets with predictable growth patterns rather than speculative ventures.
Future Market Outlook
The future outlook of Bluevale’s real estate market remains optimistic. Population growth tends to correlate positively with housing demand, and if current trends continue, we can expect ongoing increases in property values. The consistent rise in median prices for both houses and apartments indicates a balanced market expansion that is likely to persist.
However, potential investors and homeowners should also consider broader economic conditions and local developments that could impact the market dynamics in Bluevale. Factors such as interest rates, employment trends within the region, and infrastructure projects could all influence future market performance.
In conclusion, while current indicators are favorable for both living in and investing in Bluevale’s real estate market, stakeholders should continuously monitor local and national trends to make informed decisions.
