Brudenell, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Brudenell, Ontario, is currently experiencing a period of moderate growth. With a median house price set at $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a steady demand for housing in the area that is neither overheating nor cooling down too rapidly.
Similarly, the apartment sector shows a positive trend with the median apartment price standing at $300,000, and a slower yet consistent year-over-year appreciation of 2.1%. This growth rate indicates a stable market environment conducive to long-term investment.
The population of Brudenell is approximately 15,000, with a robust population growth rate of 7.1%. This demographic expansion underpins the demand for housing and can drive future real estate development and investment in the area.
Investment Opportunities and Potential
The current market conditions present several attractive opportunities for real estate investors. The solid growth in both housing and apartment prices indicates that investments in residential properties are likely to benefit from capital appreciation over time.
Given the strong population growth, there is potential for rental property investments to yield favorable returns as demand for housing may result in increased rental rates. Investors should consider both traditional home rentals and apartment units to diversify their portfolio.
New developments could also be an avenue for investment, catering to the incoming population looking for modern housing options. Commercial real estate should not be overlooked either, as a growing population will also drive demand for retail spaces, offices, and other business premises.
Future Market Outlook
The outlook for Brudenell’s real estate market remains positive. Population growth is expected to continue fueling demand for both ownership and rental properties. While current price trends suggest a healthy market today, investors should monitor economic indicators such as employment rates, local GDP growth, and infrastructure developments that may impact future property values.
If the region maintains its economic stability and continues to attract new residents, the real estate market should keep its upward trajectory. However, it is essential for investors to stay informed on local policies or changes that could affect the market dynamics. As always, due diligence is vital when evaluating any real estate investment opportunity.
