Brighton, 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
Current Market Conditions and Trends
The real estate market in Brighton, Ontario is currently characterized by steady growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, likely driven by the town’s appealing amenities and lifestyle offerings.
The median apartment price stands at $300,000, with a more modest year-over-year appreciation of 2.1%. This difference in growth rate between houses and apartments may reflect a stronger preference for single-family homes or could suggest a relative abundance of apartment inventory.
Investment Opportunities and Potential
Investors should take note of Brighton’s significant population growth of 7.1%, which is well above the national average. This demographic expansion suggests that there will be continued demand for housing in the near future. The steady increase in property values presents an opportunity for investors to capitalize on both capital appreciation and rental income, especially given the town’s growing population.
Moreover, with single-family homes appreciating at a faster rate than apartments, investment in this segment could yield higher returns. However, apartments offer an entry point into the real estate market at a lower price point and may be more accessible for first-time investors or those with less capital.
Future Market Outlook
The future outlook for Brighton’s real estate market remains positive. Considering the solid population growth coupled with moderate yet consistent increases in property values, it is reasonable to anticipate ongoing demand for residential properties. If current trends persist, investors can expect continued appreciation in property values over time.
However, potential investors should also keep an eye on economic factors that could influence interest rates and borrowing costs, as well as any local developments that might impact supply and demand dynamics within the market.