Broughdale, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| 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 | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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
Current Market Conditions and Trends
The real estate market in Broughdale, Ontario is currently demonstrating steady growth. With a median house price of $525,000 and an appreciating trend of 4% year-over-year, the housing sector indicates robust health and consumer confidence. Similarly, the median apartment price stands at $310,000, which has seen a slightly more modest increase of 2.5% year-over-year. These trends suggest that both housing units and apartments are steadily gaining value in Broughdale.
The population of Broughdale is 15,500, with an impressive growth rate of 3.3%. This suggests that the area is attracting new residents at a sustainable pace, which could be due to various factors such as employment opportunities, quality of life, or effective urban planning. The consistent population increase aligns with the growing demand for housing, further sustaining the positive trajectory of real estate values in the region.
Investment Opportunities and Potential
Given the current market conditions, Broughdale presents attractive investment opportunities for real estate investors and homebuyers alike. The steady growth in property values coupled with considerable population growth positions Broughdale as a promising locale for long-term investments. For investors looking at rental properties or real estate flipping, the consistent upward trend in prices offers the potential for significant returns.
Residential properties are currently leading the market with a higher appreciation rate (4%), suggesting that single-family homes might offer better capital gains compared to apartments. However, with apartment prices also on an uptrend (2.5%), there is potential for profitability in this sector as well—especially if targeting the growing number of individuals or small families seeking affordable housing options.
Future Market Outlook
The future outlook for Broughdale’s real estate market remains optimistic based on current trends and demographic data. If the population continues to grow at its present rate (3.3%), demand for housing is likely to remain strong, supporting further appreciation in property values. Maintaining this balance between supply and demand will be crucial in preserving healthy market conditions.
Investors should monitor local economic indicators and infrastructure developments since these factors will play significant roles in shaping the future landscape of Broughdale’s real estate market. As long as the region continues to attract new residents and maintains its appeal through various amenities and employment opportunities, the housing market should continue to thrive.
In conclusion, Broughdale’s real estate market shows promising signs for both short-term investments based on current appreciation rates and long-term holdings given its sustained population growth. Prospective buyers and investors should act prudently while taking advantage of the favorable conditions this Ontario community has to offer.
