Brent, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| 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 | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Brent, Ontario is currently experiencing a period of steady growth. The median house price sits at $525,000, with a year-over-year increase of approximately 4%. This indicates a healthy demand for housing in the area, which is likely driven by the town’s growing population—now at 15,500 residents with a robust growth rate of 3.3%. As for the apartment sector, the median apartment price is $320,000, having risen by 2.5% over the past year. This suggests that while the apartment market is growing, it may be doing so at a more modest pace compared to the housing segment.
Investment Opportunities and Potential
The data points to several compelling investment opportunities within Brent’s real estate market. Given the steady appreciation in property values, long-term investments in residential properties are likely to yield positive returns. The consistent population growth further bolsters the case for investing in both houses and apartments as demand for living spaces increases. Moreover, with houses appreciating faster than apartments on average, investors might find single-family homes particularly attractive for capital gains, whereas apartments could be appealing for those looking to tap into the rental market or seeking lower entry points into property investment.
Future Market Outlook
Looking ahead, the future outlook of Brent’s real estate market remains optimistic. The ongoing population growth implies sustained demand for both ownership and rental properties. If current trends persist, we can expect the median house and apartment prices to continue their upward trajectory, albeit at a measured pace that aligns with historical growth rates. Investors should monitor local economic developments and any changes in municipal policies that could impact property values. However, as of now, Brent appears well-positioned for continued real estate market health.
