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Bolsover, 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






Bolsover, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Bolsover, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation of 3.5%, the market is showing healthy progress that is slightly above the national average. In contrast, apartments are more affordable with a median price of $300,000 and are witnessing a slower price increase at a rate of 2.1% year-over-year.

This difference in growth rates between houses and apartments may indicate a stronger demand for detached homes, which could be driven by demographic trends such as families preferring more spacious living accommodations or lifestyle changes post-pandemic where people seek more personal space.

Additionally, Bolsover’s population has grown by 7.1%, suggesting an influx of new residents. This growing population is likely contributing to the rising demand for housing in the area, putting upward pressure on property prices.

Investment Opportunities and Potential

With its growth trajectory, Bolsover presents several attractive opportunities for real estate investors. The steady increase in housing prices provides the potential for capital gains over the long term. Moreover, the significant population growth signifies a growing rental market which could benefit landlords and real estate investors interested in income-generating properties.

Given the lower price point and slower growth rate of apartments, investors may find these properties to be entry-level investment opportunities with room for value appreciation and rental income potential as demand in the housing market continues to expand.

Developers might also consider Bolsover as a site for new residential construction projects to cater to the burgeoning populace seeking modern living spaces.

Future Market Outlook

The future outlook for Bolsover’s real estate market appears positive. The consistent upward trend in property values coupled with robust population growth positions Bolsover as a promising location for both homebuyers and investors.

If current trends continue, we can expect sustained appreciation rates for houses and potentially increasing rates for apartments as they become an attractive alternative for those priced out of the detached housing market or seeking less maintenance-intensive lifestyles.

However, it is essential to monitor economic factors such as interest rates, employment levels, and broader national economic trends that could influence buyer purchasing power and impact overall market conditions.

In conclusion, Bolsover’s real estate market shows favorable signs of stability and growth prospects. Investors should perform due diligence and consider long-term horizons when entering this market while staying attuned to local and national economic signals that may affect their investments.