Bronte, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $1,100,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $650,000 |
Monthly growth | 0.7% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $900,000 |
3 bedrooms | $1,100,000 |
4 bedrooms | $1,300,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $550,000 |
2 bedrooms | $650,000 |
3 bedrooms | $750,000 |
Demographics
Current Population (2025) | 16,000 |
Previous Population (2020) | 15,500 |
Population Change | 3.2% |
Total Private Dwellings | 6,500 |
Occupied Private Dwellings | 6,000 |
Population Density (per km²) | 1.7 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bronte, Ontario, is currently experiencing steady growth. The median house price stands at $1,100,000, with a positive year-over-year trend of 4%. This increase indicates a healthy demand for housing in the area. The apartment sector shows a similar upward trajectory with the median apartment price at $650,000, which has grown by 2.5% over the past year. This growth is supported by a robust population increase of 3.2%, bringing the total population to approximately 16,000 residents. This demographic expansion signifies a strong and growing local economy, making Bronte an increasingly attractive destination for homeowners and investors alike.
Investment Opportunities and Potential
The sustained growth in both housing and apartment prices signals promising investment opportunities in Bronte’s real estate market. As housing prices continue to rise at a moderate pace, investors can anticipate capital gains over the medium to long term. The consistent population growth further adds to the potential for rental property investments as more people look for accommodation in this growing community. Furthermore, the slower yet stable increase in apartment prices suggests that there may be opportunities for entry-level investments that could appeal to those looking to tap into the rental market or first-time homebuyers.
Future Market Outlook
The future outlook for Bronte’s real estate market remains optimistic. Given the area’s steady population growth and economic vitality, it is reasonable to expect that the demand for both houses and apartments will continue to rise. Although current trends suggest a healthy market, investors and homeowners should stay informed on local developments that may impact property values, such as changes in interest rates, employment rates, and any significant infrastructural projects. If Bronte maintains its course of economic growth and community development, it stands to remain an attractive market for both residing and investing.