Brighton, 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 | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 in Brighton, Ontario
The real estate market in Brighton, Ontario, is currently experiencing stable growth, with the median house price sitting at $525,000. This reflects a year-over-year increase of 4%, demonstrating a consistently appreciating housing market. Similarly, apartments are showing a positive trend with the median price at $320,000, which has risen by 2.5% from the previous year.
Brighton’s population has reached approximately 15,500 residents, showcasing a robust growth rate of 3.3%. This demographic expansion is an indicator of a vibrant community that is attracting new residents, potentially due to its favorable living conditions and economic opportunities. The steady population increase can be correlated to the demand for housing and may continue to support the real estate market’s health.
Investment Opportunities and Potential in Brighton, Ontario
Given the current market trends, Brighton presents itself as an attractive locale for real estate investment. The continual appreciation of both house and apartment prices suggests that purchasing property in this area could yield positive returns over time. Investors should note the solid growth in property values while also considering the potential rental market buoyed by population growth.
With a growing population and increasing property values, rental properties may offer consistent income streams for investors. Moreover, the relatively lower median price for apartments compared to houses indicates an entry point for investors who may not be ready to commit to the higher investment of a standalone house.
Future Market Outlook for Brighton, Ontario
The future outlook for Brighton’s real estate market remains optimistic given current trends and statistics. Continued population growth is likely to maintain or even increase the demand for housing in the region. If current demographic and economic factors persist—such as quality of life in Brighton and availability of local amenities—the real estate market is poised for further development.
However, investors should remain aware of broader economic conditions that can affect property markets, such as interest rate changes or shifts in employment patterns. As such, while short-to-medium-term projections are positive based on available data, long-term forecasts should be made with caution and an eye on wider economic indicators.
In conclusion, Brighton’s real estate market showcases promising conditions for investment opportunities and sustained growth. With careful consideration of macroeconomic factors and ongoing analysis of local trends, stakeholders can make informed decisions within this thriving market.
