Brooklin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $750,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.3% |
| Stock on market | 0.6% |
Apartment
| Median price | $400,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $600,000 |
| 3 bedrooms | $750,000 |
| 4 bedrooms | $900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $350,000 |
| 2 bedrooms | $425,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Brooklin, Ontario
The real estate market in Brooklin, Ontario is currently experiencing a period of steady growth. As of the latest data, the median house price in the area stands at $750,000, reflecting a healthy year-over-year increase of 4.3%. This indicates a consistent demand for single-family homes, possibly driven by factors such as Brooklin’s small-town charm combined with proximity to larger urban centres.
Apartments in Brooklin are also seeing a positive trend, albeit at a slightly lower rate. The median apartment price is currently $400,000, with a year-over-year growth of 2.5%. This suggests that while there is an interest in more affordable and low-maintenance living spaces, the demand for such properties is not as robust as for houses.
Brooklin’s population has reached approximately 16,000 residents with a substantial growth rate of 6.7%. Such demographic expansion can be attributed to its appeal to those seeking a less congested living environment without sacrificing access to amenities and job markets in nearby urban areas.
Investment Opportunities and Potential in Brooklin
Given the positive trends in both housing and population growth rates, Brooklin presents several appealing investment opportunities. For investors looking at long-term capital appreciation, purchasing single-family homes could be particularly lucrative based on the higher growth rate observed in this market segment.
The apartment sector also offers investment potential but may appeal more to those interested in rental income given the lower price appreciation. However, as the population continues to grow and if housing needs diversify—potentially due to an influx of young professionals or downsizing baby boomers—this sector could see increased demand.
Brooklin’s ongoing development and infrastructure projects could further bolster property values and attract new residents, making it an attractive area for both residential and commercial real estate investments.
Future Market Outlook for Brooklin
The future market outlook for Brooklin remains optimistic. Population growth is one of the primary drivers of real estate demand, and with a significant increase observed recently, it’s reasonable to forecast continued demand for housing. Should this trend persist, the pressure on the local housing market could lead to sustained or even increased rates of price appreciation over time.
As more people seek out communities like Brooklin that offer a blend of small-town feel and urban convenience, we can expect ongoing investment into local amenities and infrastructure. This should further enhance the desirability of the area and potentially attract more diverse housing developments catering to different demographics.
Investors considering entry into the Brooklin market should monitor these trends closely while also remaining cognizant of broader economic factors that could influence interest rates and borrowing costs. Overall, with mindful consideration of these variables, Brooklin represents a promising market with continued potential for both residential and commercial real estate ventures.
