Brent, 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
1. Current Market Conditions and Trends
The real estate market in Brent, Ontario is currently experiencing a steady increase in property values. The median house price in the area is $500,000, which represents a year-over-year increase of 3.5%. This indicates a healthy demand for residential properties and suggests that the market is favorable for sellers. On the other hand, the median apartment price stands at $300,000, with a less pronounced but still positive year-over-year growth of 2.1%. This slower growth rate in apartment prices compared to houses could be indicative of different demand dynamics or a larger available inventory for apartments.
The population of Brent is approximately 15,000, and it has experienced significant growth at a rate of 7.1%. This rapid population increase is likely contributing to the demand for housing and underpinning the property value appreciation observed in the market.
2. Investment Opportunities and Potential
Investors looking at Brent’s real estate market can find opportunities in both the residential housing and apartment sectors. The consistent appreciation in property values suggests that purchasing real estate here could yield capital gains over time. Given the strong population growth, demand for rental properties may also be on the rise, potentially leading to attractive rental yields for investors.
For those considering investment in single-family homes, the higher growth rate in median house prices compared to apartments might translate to greater long-term investment potential. However, apartments may offer lower entry points into the market and appeal to a different segment of renters or buyers seeking more affordable housing options.
3. Future Market Outlook
The future market outlook for Brent remains optimistic given the current trends and underlying market drivers. Continued population growth is expected to sustain demand for housing, supporting both price appreciation and rental market strength.
Investors should remain cognizant of broader economic factors such as interest rates, employment rates, and regional economic development which could influence market conditions moving forward. However, if current trends persist, Brent’s real estate market could continue to offer promising opportunities for both homeownership and investment purposes.
