Brockville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
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 | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 15,000 |
| Population Change | 0.7% |
| 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 Brockville, Ontario is experiencing steady growth. With a median house price of $525,000 and an upward trend of 4% year-over-year, the housing sector demonstrates resilience amidst various economic conditions. Similarly, the median apartment price stands at $310,000, increasing at a slightly lower rate of 2.5% year-over-year. This growth pattern suggests a stable demand for homes and investment properties in the area.
Brockville’s population has seen a modest increase of 0.7%, indicating a stable but slow demographic growth which could be contributing to the consistent demand in the housing market. Another factor influencing the current market conditions could be attributed to Brockville’s appeal as a smaller community with its proximity to larger cities and natural attractions like the Thousand Islands.
Investment Opportunities and Potential
The continuous but moderate price appreciation in both the housing and apartment sectors indicates that Brockville presents viable investment opportunities for long-term investors. The consistent increase in property values suggests that investments made in this market are likely to benefit from capital gains over time.
Furthermore, as a growing community with ongoing development projects, there could be potential for new construction investments or rehabilitation of existing properties to cater to the changing needs of the population. The steady population growth also hints at potential rental market opportunities as newcomers may look for temporary housing solutions before purchasing their own homes.
Future Market Outlook
Looking ahead, the future market outlook for Brockville is cautiously optimistic. While current trends demonstrate steady growth, investors and homebuyers should remain aware of broader economic factors that could impact interest rates, employment levels, and overall affordability in the region.
However, considering the current trajectory with moderate population growth and continuous property value appreciation, it is reasonable to predict that Brockville will maintain its course as a stable real estate market. Investors are advised to monitor local development plans and demographic shifts closely as these elements will play crucial roles in shaping future market dynamics.
