Bobcaygeon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Bobcaygeon, Ontario, is currently experiencing steady growth. With a median house price of $525,000 and a year-over-year increase of 4%, the market demonstrates a healthy upward trend. Similarly, the median apartment price stands at $320,000, which has risen by 2.5% over the same period. This growth is indicative of a strong real estate market that has managed to maintain momentum despite broader economic uncertainties.
The population of Bobcaygeon has grown by 2.7%, reflecting an increasing demand for housing in the area. This demographic trend underscores the potential for continued real estate appreciation as more individuals and families seek to reside in this picturesque community.
2. Investment Opportunities and Potential
For investors considering Bobcaygeon’s real estate market, there are compelling opportunities to be found. The consistent rise in property values suggests a robust investment potential for both residential houses and apartments. Given the steady population growth, rental properties may also represent a lucrative investment avenue as new residents look for housing options within the community.
Additionally, Bobcaygeon’s appeal as a destination for tourists and retirees could drive further investment in vacation homes or retirement properties, potentially offering higher yields due to seasonal rental demand or long-term leasing to retirees seeking a tranquil lifestyle.
3. Future Market Outlook
The future market outlook for Bobcaygeon’s real estate appears promising. Given the current trends of population growth and property value increases, it is reasonable to forecast continued market expansion. Furthermore, if current economic conditions remain stable and interest rates stay at manageable levels, buyers may continue entering the market, thereby sustaining demand and driving further property value appreciation.
Investors should keep an eye on infrastructure developments and community enhancements that could bolster property values even further. However, it is important to remain vigilant about broader economic factors that can impact local markets indirectly.
In conclusion, with its attractive price trends and demographic growth patterns, Bobcaygeon presents itself as an appealing market for both residential purchasers and real estate investors seeking stable returns on investment.
