Brockville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| 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 | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| 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 moderate growth, with the median house price currently sitting at $485,000, which signifies a year-over-year increase of 3.2%. This steady rise in housing prices suggests a stable market that has been resilient in the face of economic fluctuations. Similarly, the apartment sector has shown growth, with the median apartment price reaching $295,000 and a 2.5% year-over-year increase. This consistent upward trend across different types of properties indicates sustained demand and a balanced market dynamic.
Brockville’s modest population of 15,000 has grown by 3.4%, an indicator that the area is attracting new residents at a healthy pace. This population growth can be correlated with the demand for housing and may continue to drive the market forward.
Investment Opportunities and Potential
The current trends in Brockville’s real estate market reveal opportunities for investors. The consistent appreciation in property values points towards a potentially lucrative market for both long-term property holders and those interested in rental investments. With the median apartment price at $295,000 and showing a positive trend, investors might find the multi-family housing sector particularly appealing due to its lower entry cost and potential for rental income.
Given the steady population growth, there is an implicit demand for rental properties which might attract investors seeking to capitalize on this increasing need. Additionally, as more people move into the region searching for housing options, investment in new construction or redevelopment projects could be another avenue worth exploring.
Future Market Outlook
Looking ahead, Brockville’s real estate market shows promising signs of continued growth. The consistent uptick in property values coupled with increasing population figures provides a foundation for a robust future market. Assuming similar economic conditions persist and no major policy changes are enacted that significantly affect the housing sector, we can anticipate ongoing moderate price increases in line with recent trends.
However, investors and potential homeowners should remain cognizant of broader economic factors that could influence interest rates or employment levels within the region—both key drivers that impact housing markets. Keeping informed on local development plans and infrastructure investments will also be crucial since these elements can greatly affect property values over time.
