Brechin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Brechin, Ontario is currently experiencing a period of steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4%. This indicates a healthy demand for housing in the area, which is likely fueled by the attractive features of Brechin and its surrounding regions. The median apartment price stands at $315,000, with a more modest growth trend of 1.9% year-over-year. This differential in growth rates suggests that while there is interest in more affordable housing options like apartments, the demand for detached houses is driving the market more significantly.
Investment Opportunities and Potential
With consistent growth in both the house and apartment sectors, investment opportunities in Brechin are promising. The robust 3.3% population growth provides an expanding base of potential renters and buyers, supporting both residential development projects and buy-and-hold strategies for investors. Given the current trends, investors may find particularly strong potential in targeting single-family homes, which have shown higher appreciation rates. However, apartments should not be overlooked as they provide a lower barrier to entry for first-time homebuyers and offer rental income possibilities for investors looking for long-term holdings.
Future Market Outlook
The future outlook for Brechin’s real estate market appears positive. Assuming current economic conditions remain stable, the observed trends suggest a continued rise in property values. The area’s population growth acts as a catalyst for sustained demand, potentially leading to further increases in property prices and investment returns over time. However, it is important to monitor external economic factors such as interest rates and employment levels that could impact buyer affordability and influence market dynamics.
