Brechin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,150 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.4% |
| 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 stable growth. With a median house price of $505,000 and a year-over-year increase of 4%, the market shows signs of resilience and sustained demand. Similarly, the median apartment price stands at $310,000, having risen by 2.5% over the past year. This consistent upward trend in property values indicates a healthy market that continues to attract buyers.
Population growth in Brechin is another positive sign for the real estate market, with a rise of 2.4% suggesting an increasing demand for housing. The influx of residents is likely driven by Brechin’s appeal as a community that offers a balance between rural charm and access to urban amenities.
Investment Opportunities and Potential
For investors considering the Brechin real estate market, there is significant potential. The steady increase in property values suggests that investments made now could yield favorable returns over time. The housing market’s performance, particularly with single-family homes, shows promise for both rental income and capital appreciation opportunities.
Given the area’s population growth, investment in multi-family units or purpose-built rental apartments could also be strategic. A focus on affordable housing solutions may not only respond to an underserved segment of the market but also contribute positively to the community’s development.
Future Market Outlook
The future outlook for the Brechin real estate market appears optimistic. Assuming current economic conditions remain stable, the pattern of moderate yet consistent growth in property prices is likely to continue. Factors such as population expansion and low-interest rates may further bolster this outlook.
However, investors should remain aware of broader economic indicators and regional developments that could impact the market. Long-term planning and diversification strategies are advisable to mitigate potential risks associated with shifts in market dynamics.
