Bourget, 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
As of the latest data, the real estate market in Bourget, Ontario is experiencing steady growth. The median house price in the area is currently $500,000, which reflects a year-over-year increase of 3.5%. This increment indicates a healthy demand for housing in the region and a competitive market for buyers. Similarly, apartment prices have shown growth with the median price standing at $300,000 and an annual appreciation rate of 2.1%. The population of Bourget has reached approximately 15,000 residents, with a robust growth rate of 7.1%, suggesting an influx of new residents and potential for further real estate demand.
Investment Opportunities and Potential
The current market conditions in Bourget are favorable for investment opportunities. The consistent price appreciation for both houses and apartments indicates a stable market with potential for capital gains over time. Investors looking to purchase rental properties may find the growing population to be an encouraging sign for rental demand. Moreover, the positive trend in property values suggests that investments made today have the potential to increase in worth, providing long-term benefits to investors who are willing to hold onto their assets.
Future Market Outlook
The future outlook for the Bourget real estate market appears promising. Given the steady year-over-year growth in property values and the significant population increase, it is likely that the demand for housing will continue to rise. This ongoing demand could lead to sustained or even higher growth rates in property values, making Bourget an attractive location for both residential buyers and real estate investors. However, it is important to note that market dynamics can change due to various factors such as economic shifts, interest rates, and government policies. Thus, while current trends are positive, it remains essential for stakeholders to stay informed about local and national factors that could impact the market.
