Bornholm, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $520,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $310,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $520,000 |
4 bedrooms | $620,000 |
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) | 14,500 |
Population Change | 4.8% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bornholm, Ontario is experiencing steady growth, as indicated by the year-over-year trends. The median house price in the region has reached $520,000, marking a 4% increase from the previous year. This suggests a healthy demand for housing and a robust market for sellers. Additionally, the median apartment price currently stands at $310,000, with a slightly lower but still positive price trend of 2.5% year-over-year. The relatively more modest increase in apartment prices may indicate that apartments are an accessible entry point for first-time homebuyers or investors looking for lower-cost opportunities.
Investment Opportunities and Potential
Considering Bornholm’s consistent population growth of 4.8%, which is substantially higher than national averages, there is evident potential for real estate investment in this community. The demand for housing is expected to remain strong due to the growing population, suggesting that investments made now could see considerable long-term appreciation. Moreover, the diversity in property types—from single-family homes to apartments—provides various investment options catering to different segments of the market.
Investors could potentially benefit from both rental income and capital gains in Bornholm’s growing market. Rental properties may become increasingly attractive as new residents seek temporary accommodations before purchasing their own homes. Furthermore, properties such as duplexes or multi-unit residential buildings can offer investors the advantage of multiple income streams.
Future Market Outlook
Looking ahead, Bornholm’s real estate market appears poised for continued growth. The steady increase in property values coupled with robust population expansion forms a solid foundation for future appreciation in real estate assets. While current trends suggest ongoing strength in the housing sector, investors and homebuyers should also consider broader economic factors and local developments that might influence the market.
The presence of strong local industries, infrastructure projects, or government policies supporting homeownership could further enhance Bornholm’s market appeal. Conversely, macroeconomic shifts such as interest rate changes or employment rates should be monitored as they can impact affordability and demand.
In conclusion, Bornholm presents an appealing market with promising indicators for both short-term stability and long-term growth potential in its real estate landscape.