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 (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
The real estate market in Bolsover, Ontario is currently characterized by steady growth. With a median house price of $500,000 that has experienced a 3.5% year-over-year increase, the market shows healthy appreciation rates. Similarly, the median apartment price stands at $300,000 and has seen a slightly more moderate growth of 2.1% year-over-year. This suggests that while the market is growing, it is doing so at a sustainable pace.
The population of Bolsover has also seen significant growth, with a 7.1% increase. This rapid population growth indicates a rising demand for housing which could potentially drive up property values over time. The current trends suggest that Bolsover’s real estate market is stable with positive indicators for both homebuyers and investors.
Investment Opportunities and Potential
Given the steady increase in property values and the ongoing population growth, Bolsover offers attractive investment opportunities. The consistent rise in median house and apartment prices points to stable investment potential, particularly for those looking to hold properties over the medium to long term for capital gains.
Investors should consider the diversity of housing types available in Bolsover. Single-family homes represent an opportunity for rental income as well as appreciation due to their higher year-over-year price increase compared to apartments. However, apartments may offer lower barriers to entry for investment and could be particularly appealing to investors seeking properties with lower maintenance responsibilities.
The population growth further bolsters the investment potential as it may lead to increased rental demand, potentially resulting in higher occupancy rates and upward pressure on rental prices.
Future Market Outlook
Looking ahead, the future of Bolsover’s real estate market appears promising. The continued population growth combined with sustained property value increases suggests an enduring demand for housing in this area. If these trends persist, investors and homeowners can expect further market stability and potential for financial returns.
However, it is important to monitor economic factors such as employment rates, interest rates, and local developments that could impact the real estate dynamics in Bolsover. A proactive approach to understanding these variables will be key in making informed investment decisions and predicting future market movements.
In summary, Bolsover presents a robust market with solid opportunities for investment and positive signs for those seeking long-term growth in property value. Yet vigilance regarding broader economic conditions remains essential to fully capitalize on what this market has to offer.
