Brooklin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $915,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $495,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $780,000 |
| 3 bedrooms | $915,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $450,000 |
| 2 bedrooms | $490,000 |
| 3 bedrooms | $525,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,750.0 |
Market Analysis
Current Market Conditions and Trends
In Brooklin, Ontario, the real estate market is currently experiencing a period of steady growth. The median house price stands at $915,000, which represents a year-over-year increase of 4.2%. This indicates a healthy demand for detached homes in the area, possibly driven by buyers seeking more spacious living options outside of densely populated urban centers.
Similarly, the apartment market in Brooklin has seen a positive trend with the median price reaching $495,000. This reflects a modest year-over-year appreciation of 2.9%, suggesting that while the apartment sector is growing, it is doing so at a more measured pace compared to houses.
The population of Brooklin has been growing at an annual rate of 3.2%, which outpaces many other regions. This demographic expansion can be attributed to Brooklin’s appeal as a community that offers both the tranquility of a smaller town and accessibility to larger urban areas.
Investment Opportunities and Potential
Given the positive trends in both housing and apartment prices, Brooklin presents attractive investment opportunities for those looking to enter the real estate market or expand their portfolio. The consistent population growth ensures a continuous influx of potential renters or buyers, which can lead to sustained demand for residential properties.
Investors may find particular potential in single-family homes due to their higher year-over-year price increase compared to apartments. However, apartments should not be overlooked as they provide an accessible entry point into the real estate market and cater to individuals or small families seeking affordable housing options.
Future Market Outlook
The future real estate market outlook for Brooklin remains optimistic. The ongoing population growth will likely continue to fuel demand for housing in the area. If economic conditions remain stable and interest rates are favorable, the real estate market should maintain its upward trajectory.
However, it is important for investors and homeowners alike to stay informed about local development plans, zoning changes, and any government policies that could impact property values. Monitoring these factors closely will be key in making informed decisions about entering or exiting the Brooklin real estate market.
