Bracebridge, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 in Bracebridge, Ontario
As of the latest data, Bracebridge’s real estate market is experiencing a steady growth in property values. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes in the area, likely driven by both local factors and broader provincial trends. Meanwhile, the market for apartments is also showing positive momentum, albeit at a slower pace. The median apartment price is currently $300,000, with an annual growth rate of 2.1%.
Investment Opportunities and Potential
Investment opportunities in Bracebridge are promising given the consistent growth in property values. The town’s housing market appears robust for investors seeking long-term capital gains, with single-family homes presenting particularly strong potential due to their higher growth rate. The apartment sector offers more accessible entry points for investment and may appeal to those looking to cater to smaller households or rental markets.
Additionally, Bracebridge’s significant population growth of 7.1% signals a rising demand for housing which may further drive property values upward. This demographic trend can be attributed to the town’s attractiveness to newcomers, possibly due to its natural beauty, lifestyle offerings, or economic opportunities.
Future Market Outlook
Looking ahead, the future market outlook for Bracebridge remains optimistic. The combination of steady price increases and substantial population growth suggests that the housing demand will continue to outpace supply. Should these trends persist, investors can reasonably expect continued appreciation in property values.
It is important for potential investors to monitor economic indicators such as employment rates and infrastructure developments, as these will influence the sustainability of current trends. With careful consideration of these factors alongside diligent market research, investors can make informed decisions when entering or expanding within Bracebridge’s real estate market.
