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Brigden, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $525,000
Monthly growth 1.3%
Quarterly trend 4.2%
Stock on market 0.9%

Apartment

Median price $310,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $525,000
4 bedrooms $630,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $470,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 15,000
Population Change 1.3%
Total Private Dwellings 6,100
Occupied Private Dwellings 5,600
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis




Brigden, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Brigden, Ontario, is currently experiencing a moderate pace of growth. With a median house price of $525,000 and a year-over-year increase of 4.2%, the market is showing consistent growth. The median apartment price is lower at $310,000, with a slower growth trend of 2.5% year-over-year. These figures suggest that the market is relatively stable and growing at a sustainable rate.

The population of Brigden stands at 15,200 and has been growing at a rate of 1.3%. This steady demographic expansion contributes to the demand for housing in the area and supports the continuous appreciation of property values. The current trends indicate that both housing and apartment markets are accommodating the needs of new residents while providing opportunities for investors.

Investment Opportunities and Potential

Given the steady increase in property values, Brigden presents attractive investment opportunities, particularly in the single-family housing market. Investors can capitalize on the 4.2% growth trend in house prices by purchasing residential properties now with the expectation of continued appreciation. Additionally, the apartment sector’s growth trend of 2.5% indicates that there is potential for investment in multi-unit residential buildings, catering to those seeking more affordable housing options or rental accommodations.

The consistent population growth further enhances these investment opportunities as it drives demand for both rental and owner-occupied properties. Investors should consider focusing on areas within Brigden that are experiencing higher rates of growth or revitalization to maximize their returns.

Future Market Outlook

The future outlook for Brigden’s real estate market appears positive based on current data and trends. As long as population growth continues at its current pace or accelerates, there will be an ongoing need for additional housing. This demographic factor alone suggests that both house and apartment prices may see sustained increases over time.

Investors should monitor local economic developments, changes in government housing policies, and infrastructure projects which could influence the real estate market dynamics in Brigden. Given the present conditions, those looking to invest or purchase property in this area can do so with reasonable confidence in the potential for medium to long-term growth.