Bobcaygeon, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Bobcaygeon, Ontario
The real estate market in Bobcaygeon, Ontario, is currently experiencing stable growth. The median house price stands at $500,000, with a positive trend of 3.5% year-over-year. This indicates a healthy demand for detached homes in the area. Similarly, the median apartment price is set at $300,000, with a moderate appreciation rate of 2.1% year-over-year. The steady growth in the apartment sector suggests that smaller residential units are also gaining traction among buyers and investors.
Bobcaygeon’s population has seen significant growth at a rate of 7.1%, which is above national averages. This population increase can be attributed to Bobcaygeon’s appealing lifestyle offerings, including its natural beauty and proximity to larger urban centers, making it an attractive destination for both retirees and remote workers seeking a balance between work and leisure.
Investment Opportunities and Potential in Bobcaygeon
The ongoing population growth coupled with consistent real estate appreciation presents several investment opportunities in Bobcaygeon’s property market. Investors could potentially benefit from the demand for single-family homes due to the 3.5% annual increase in house prices. Furthermore, apartments are becoming an increasingly popular option for those looking for more affordable housing solutions or rental investments, which is reflected by the steady 2.1% rise in apartment prices.
New residential developments and renovation projects could attract considerable interest from both local and out-of-town buyers. Additionally, given the town’s scenic location and expansion potential, vacation rentals and second-home purchases might offer lucrative returns on investment.
Future Market Outlook for Bobcaygeon Real Estate
The future outlook for the Bobcaygeon real estate market appears promising based on current trends and demographic shifts. The sustained population growth will likely continue to drive demand for housing across all sectors—from entry-level apartments to premium detached homes—supporting further property value appreciation.
As more individuals seek lifestyle changes post-pandemic, small towns like Bobcaygeon could see an influx of new residents valuing space, nature, and community-oriented living. Moreover, as remote work becomes more prevalent, areas outside major urban hubs may become hotspots for residential development and real estate investment.
Careful monitoring of interest rates and economic policies will be essential since these factors can significantly influence buyer sentiment and affordability levels. However, assuming stable economic conditions prevail, Bobcaygeon’s real estate market is poised to maintain its upward trajectory in the foreseeable future.
