Boulter, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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 Boulter, Ontario is currently experiencing steady growth, with the median house price standing at $495,000, representing a 4% increase year-over-year. This suggests a stable and gradually appreciating housing market. Meanwhile, the median apartment price is $295,000, showing a more modest growth of 1.9% year-over-year. This difference in growth rates may be indicative of a higher demand for houses over apartments in this region.
The population of Boulter has reached 15,500 and is growing at a rate of 3.3%, which is above the national average. This population growth can be attributed to factors such as the town’s attractive living conditions and employment opportunities which are likely fueling housing demand. The current market conditions suggest that Boulter is an active market with properties maintaining or increasing in value steadily over time.
Investment Opportunities and Potential
Considering the steady appreciation of property values in Boulter, investment opportunities are promising. For potential investors, the 4% increase in house prices indicates that investing in residential real estate could yield solid returns over time. The lower appreciation rate for apartments might appeal to investors seeking more affordable entry points into the real estate market with still some upside potential.
Additionally, Boulter’s ongoing population growth implies future demand for housing which could further drive property values up. Investors might also consider exploring rental properties or development projects to cater to the growing population if local zoning and development regulations are supportive.
Future Market Outlook
The future outlook of Boulter’s real estate market appears optimistic given the consistent upward trends in property values and population growth. Assuming these trends continue, it’s reasonable to anticipate further gradual increases in property prices across both houses and apartments.
However, potential investors and homebuyers should monitor key economic indicators such as interest rates, employment rates, and regional economic developments that could impact these trends. Additionally, understanding any changes in municipal policies or infrastructure developments can provide insights into future market conditions.
In conclusion, Boulter presents a healthy real estate environment with potential for continued growth making it an attractive option for both homebuyers and investors alike.
