Brookealvinston, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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
1. Current Market Conditions and Trends
The real estate market in Brookealvinston, Ontario is currently experiencing moderate growth, with median house prices at $520,000, marking a year-over-year increase of 4%. This indicates a stable market that is growing at a healthy pace. The median apartment price has reached $310,000, with a slower growth rate of 2.5% year-over-year. This discrepancy in growth rates may suggest that houses are in higher demand than apartments, or that the housing stock is experiencing upward pressure in valuation due to factors such as desirability and limited supply.
2. Investment Opportunities and Potential
With a consistent upward trend in property values, Brookealvinston presents opportunities for investors looking for long-term capital appreciation. The steady increase in median house prices can be attractive to those interested in purchasing residential properties for rental or resale purposes. Given the more modest increase in apartment prices, there could be potential in the multi-family unit market for investors seeking lower entry points and stable rental income streams. Additionally, the area’s population growth of 3.3% suggests an increasing demand for housing, which may support continued appreciation in property values and provide favorable conditions for new development projects.
3. Future Market Outlook
The future outlook for Brookealvinston’s real estate market appears optimistic given current trends and demographic indicators. The population growth rate significantly outpaces many other regions, indicating potential increases in housing demand over time. If this trend continues, it could lead to further tightening of the housing market and potentially higher rate of appreciation in property values. Investors and homebuyers should monitor local economic developments, infrastructure investments, and zoning changes as these factors could further influence the market dynamics. As with any investment, potential risks include economic downturns or shifts in housing policies which could affect overall market stability.
