Braeside, 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
The real estate market in Braeside, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market shows healthy appreciation rates that are attractive to both homeowners and investors. The apartment sector is also showing positive growth, with a median price of $300,000 and a year-over-year price increase of 2.1%. This suggests a consistent demand for housing in the area.
Braeside’s expanding population, currently at 15,000 with a notable growth rate of 7.1%, indicates a burgeoning community that is likely contributing to the ongoing demand for residential properties. This demographic trend is a primary driver of the real estate market’s vitality and supports the expectation of continued demand for housing.
Investment Opportunities and Potential
For investors considering Braeside’s real estate market, there is potential for both short-term gains through property flipping and long-term investment through rental properties. The steady growth in house prices suggests that buying residential properties now could yield significant returns as the market continues to appreciate. Furthermore, the rising population may lead to an increase in demand for rental accommodations, positioning income properties as an appealing option.
The moderate increase in apartment prices also presents opportunities for those looking to invest in multi-family dwellings or condominiums. As the community grows and more people look for affordable housing options, investment in apartments could become increasingly lucrative.
Future Market Outlook
The future outlook of the Braeside real estate market appears promising. The strong population growth paired with consistent increases in property values points towards a sustained upswing in market activity. Assuming that economic conditions remain stable and local job markets continue to flourish, Braeside can expect its real estate market to maintain its current trajectory or potentially experience even greater growth rates.
Investors and potential homeowners should keep an eye on local development projects and infrastructure improvements which could further enhance property values. Additionally, monitoring interest rates and mortgage availability will be crucial as these factors significantly influence buyer affordability and thus impact overall market health.
