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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 1.0%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $475,000
3 bedrooms $550,000
4 bedrooms $625,000

Apartments

Bedrooms Median Price
1 bedrooms $270,000
2 bedrooms $360,000
3 bedrooms $460,000

Demographics

Current Population (2025) 16,000
Previous Population (2020) 15,000
Population Change 6.7%
Total Private Dwellings 6,300
Occupied Private Dwellings 5,800
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Brussels, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Brussels, Ontario, is currently experiencing moderate growth. The median house price stands at $550,000, which indicates a year-over-year increase of 4%. This steady rise suggests a healthy demand for single-family homes in the region. Meanwhile, apartments are also seeing a positive trajectory with a median price of $320,000 and an appreciation trend of 2.5% year-over-year.

The population of Brussels has grown to approximately 16,000 residents, showing a robust growth rate of 6.7%. This demographic expansion is likely contributing to the sustained demand for housing in the area. Additionally, the incremental growth in housing prices suggests that the market is stable without indications of overheating or speculative buying.

Investment Opportunities and Potential

The current trends indicate that Brussels offers promising investment opportunities. Investors looking for steady capital appreciation may find the single-family home sector attractive due to its consistent growth rate. With median house prices rising at 4% annually, long-term investments could yield significant returns.

Apartments present a slightly lower yet stable investment potential with a 2.5% annual price increase. Given the population growth and the relative affordability compared to single-family homes, rental demand for apartments is likely to remain strong, providing investors with potential rental income as well as long-term capital gains.

New developments and infrastructure projects prompted by the increasing population could also open up opportunities in both residential and commercial real estate sectors.

Future Market Outlook

The future outlook for Brussels’ real estate market remains optimistic. With a solid population growth rate of 6.7%, housing demand is expected to continue rising. If economic conditions remain stable and interest rates are favorable, both the house and apartment markets should maintain their upward trends.

In anticipation of ongoing demand, investors and developers might consider engaging in new construction projects or refurbishing existing properties to cater to the needs of a growing populace.

However, it is important for stakeholders to monitor external economic factors such as employment rates, government policies on housing, and global economic fluctuations which may impact local market conditions.