Bolton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $850,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $700,000 |
| 3 bedrooms | $850,000 |
| 4 bedrooms | $950,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2024) | 16,300 |
| Previous Population (2019) | 15,500 |
| Population Change | 5.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.7 |
| Land Area (km²) | 2,500.5 |
Market Analysis
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Current Market Conditions and Trends
The real estate market in Bolton, Ontario, is currently experiencing a period of moderate growth. The median house price stands at $850,000, indicating a year-over-year increase of 4.2%. This suggests a healthy demand for houses in the area, possibly driven by the town’s appeal to families and professionals seeking a quieter lifestyle outside of the Greater Toronto Area.
Similarly, apartments have seen a price increase but at a slightly lower rate of 3% over the past year, bringing the median apartment price to $450,000. These trends are reflective of the overall stability in Bolton’s property market and an indication that both housing segments are appreciating steadily.
Investment Opportunities and Potential
Bolton’s real estate market presents several attractive investment opportunities. The continuous population growth at a rate of 5.16% may lead to increased demand for housing. Investors could capitalize on this trend by investing in residential properties that may appreciate over time.
Considering the higher appreciation rate of houses compared to apartments, single-family homes might offer better capital gains in the long term. However, with apartments being more affordable at a median price of $450,000, they offer a lower barrier of entry for new investors or those looking for rental income properties.
Future Market Outlook
The future outlook for Bolton’s real estate market remains positive. The area’s population growth coupled with its proximity to major employment centers like Toronto suggests continuing demand for residential properties. If current trends persist, investors can expect ongoing appreciation in property values. Careful monitoring of economic factors and infrastructure developments will be crucial for anyone looking to invest or make informed decisions about entering the Bolton market.
However, potential investors should also consider broader economic conditions such as interest rates and employment levels which can affect buyer affordability and impact overall market health.
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