Boulter, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| 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 | $345,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| 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 a period of steady growth. The median house price stands at $495,000, which represents a 3.2% year-over-year increase. This suggests a stable market with modest appreciation in property values. Similarly, the median apartment price has increased to $295,000, following a 2% year-over-year trend. These figures point towards a balanced growth across different housing types.
The population of Boulter has grown to 15,200, with a healthy growth rate of 2.7%. This demographic trend is likely contributing to the demand for housing in the area and supporting the current upward pricing trajectory.
Investment Opportunities and Potential
In terms of investment opportunities, Boulter’s real estate market presents potential for both residential and rental property investments. The steady increase in housing prices indicates that purchasing property could be a sound investment with the prospect for capital gains over time. The ongoing population growth also bolsters the case for investing in rental properties, as there will be an increasing number of residents seeking housing.
Given the more modest increase in apartment prices compared to houses, investors may find particular value in the apartment sector where entry prices are lower, yet demand is likely supported by similar demographic trends.
Future Market Outlook
The future outlook for Boulter’s real estate market remains optimistic based on current trends and data. Assuming the continuation of population growth and economic stability in the region, it is reasonable to anticipate ongoing demand for housing which should support further property value appreciation.
Careful monitoring of economic indicators such as employment rates, interest rates, and regional development projects will be essential for predicting any shifts in the market dynamics. Nevertheless, if present conditions persist, Boulter’s real estate market is poised to remain an attractive destination for both homebuyers and investors alike.
