Blyth, 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 Blyth, Ontario is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows a trend of consistent appreciation. Similarly, the median apartment price stands at $300,000, which has increased by 2.1% from the previous year. The positive price trends suggest a stable investment environment for both houses and apartments.
Blyth’s population has experienced significant growth at a rate of 7.1%, indicating an expanding local economy and potentially increasing demand for housing. This demographic trend may contribute to sustaining or possibly elevating the current pace of real estate appreciation.
Investment Opportunities and Potential
Given Blyth’s population growth and the steady increase in property values, the town presents attractive opportunities for real estate investors. The stable rise in house prices implies that investments in residential properties could yield solid returns in the form of capital gains over time.
Apartments, with a slightly lower growth rate compared to houses, still offer potential for rental income streams against a backdrop of population increase. As more people move into the area, demand for rental properties could surge, leading to higher occupancy rates and potential rental yield improvements.
Investors might also explore new construction or renovation projects to cater to the growing population’s housing needs. Such development projects could benefit from the town’s expansion while providing investors with opportunities to capitalize on market trends.
Future Market Outlook
The future real estate market outlook for Blyth, Ontario remains promising based on current trends and demographic indicators. The steady population growth suggests an ongoing demand for housing which may continue to drive property value increases.
If these trends persist, investors can reasonably expect continued market resilience and property value appreciation. However, it is crucial to consider external economic factors such as interest rates, employment rates, and regional economic policies that could influence future market conditions.
In summary, Blyth’s real estate market holds potential for both short-term investors looking at rental yields and long-term investors focused on capital gains. Monitoring economic indicators and staying informed on local developments will be key to maximizing investment outcomes in this burgeoning Ontario town.
