Broughdale, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Broughdale, Ontario, currently exhibits stable growth with a median house price of $500,000 and an annual increase of 3.5%. This suggests a healthy demand for houses in the area. Similarly, apartments are experiencing a positive trend with a median price of $300,000 and a growth rate of 2.1% year-over-year. The consistent appreciation in property values indicates a robust market that is attracting both homeowners and investors.
The population of Broughdale has reached 15,000 residents, growing at an impressive rate of 7.1%. This rapid growth can be attributed to Broughdale’s attractive living conditions and economic opportunities, which in turn drive housing demand higher. The influx of new residents is likely contributing to the steady increase in property prices.
Investment Opportunities and Potential
Given the current market trends and demographic dynamics, Broughdale presents promising investment opportunities. The continuous population growth paired with rising property values suggests that demand for housing will remain strong. Investors can capitalize on this trend by investing in residential properties that are likely to appreciate over time.
The relatively moderate median house and apartment prices make the market accessible for investors with various budgets. Furthermore, the steady price increase allows for potential capital gains upon resale. Rental properties also present an attractive opportunity due to the growing population that may result in an increased demand for rental units.
Future Market Outlook
Looking ahead, the future market outlook for Broughdale remains optimistic. If current trends continue, we can expect ongoing appreciation in property values driven by sustained population growth and housing demand. The area’s economic development and quality of life enhancements will likely attract more residents, further bolstering the real estate market.
However, investors should remain cognizant of broader economic factors that could impact interest rates and affordability. Careful monitoring of local development projects and infrastructure improvements will be crucial for making informed investment decisions. As always, potential investors should conduct thorough due diligence and consider long-term trends before entering the market.
