Breslau, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $530,000 |
| 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 | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $530,000 |
| 4 bedrooms | $620,000 |
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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Breslau, Ontario
In Breslau, Ontario, the real estate market is experiencing steady growth. The median house price currently stands at $530,000, reflecting a 4% increase year-over-year. This increment indicates a healthy demand for detached homes in the region. Similarly, the median apartment price has seen a rise to $320,000, marking a 2.5% growth from the previous year. These trends suggest a consistent upward trajectory in property values across different housing types.
The population of Breslau is 15,500 and growing at a rate of 3.3% per annum. This significant population growth contributes to the increasing demand for housing and supports the current upward trend in property prices. With more individuals and families moving to Breslau, we expect this demand to maintain or even accelerate, potentially leading to further price increases in the short to medium term.
Investment Opportunities and Potential in Breslau
Breslau’s real estate market presents attractive investment opportunities given its steady growth rates. For investors looking at long-term capital appreciation, purchasing residential properties could be particularly beneficial. The consistent increase in median house and apartment prices indicates a robust market where investments are likely to appreciate.
Moreover, with a growing population that outpaces national averages, rental properties may offer strong yields as housing demand surges. Investors might consider leveraging these demographic trends by investing in multi-unit residential buildings or developing new rental properties to meet the burgeoning need for accommodation.
Future Market Outlook for Breslau
The future market outlook for Breslau’s real estate sector remains positive. Given the solid foundation of steady year-over-year price increases and robust population growth, it is reasonable to expect that the local real estate market will continue on its growth path.
However, potential investors and homeowners should also be mindful of broader economic conditions that can influence mortgage rates and purchasing power. While local factors such as population growth are encouraging signs, external economic pressures can impact market dynamics significantly.
In conclusion, both historical data and demographic indicators point towards a bright future for real estate in Breslau. Nonetheless, as with any investment decision, individuals should conduct thorough due diligence and consider obtaining professional advice tailored to their specific circumstances.
