Brussels, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| 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 Brussels, Ontario is currently experiencing stable growth. The median house price stands at $550,000, with a year-over-year increase of 4%. This indicates a healthy, appreciating market that is attractive to both homeowners and investors. On the other hand, the median apartment price is $320,000, showing a more modest growth rate of 2.5% year-over-year. The difference in growth rates suggests that houses are currently in higher demand than apartments.
The population of Brussels has reached 16,000 residents with a notable growth rate of 6.7%. This substantial influx of new residents is likely to increase the demand for housing in the area over time. As supply strives to meet this growing demand, there may be upward pressure on property prices across all housing types.
Investment Opportunities and Potential
With the current upward trend in property values, Brussels presents several promising investment opportunities. The steady increase in the median house price points towards potential long-term capital gains for investors purchasing residential properties. Given the slower growth rate in apartment prices, there might be untapped potential for investors to target this segment before any anticipated alignment with house price trends.
Furthermore, the strong population growth is an indicator of economic vitality and could suggest that rental properties will see increased demand. Investors looking to capitalize on rental income might find Brussels an ideal market due to the influx of new residents seeking accommodation.
Future Market Outlook
Looking ahead, Brussels’ real estate market appears poised for continued growth. The persistent rise in population suggests that housing demand will remain robust. If the current trends persist, property values can be expected to maintain their upward trajectory.
However, prospective investors and homeowners should remain vigilant about local economic developments and any potential shifts in government housing policy that could affect market dynamics. Keeping an eye on infrastructure projects and employment opportunities within Brussels will also provide valuable insights into the future stability and attractiveness of its real estate market.
