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Buckhorn, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $520,000
Monthly growth 1.5%
Quarterly trend 4.0%
Stock on market 0.9%

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 $520,000
4 bedrooms $620,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $480,000

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 in Buckhorn, Ontario

In the picturesque region of Buckhorn, Ontario, the real estate market is showing signs of steady growth. The median house price currently stands at $520,000, reflecting a 4% increase year-over-year. This growth indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price has seen a rise to $310,000, marking a 2.5% year-over-year uptick. These trends suggest that the market is experiencing a consistent appreciation in property values.

The population of Buckhorn has been increasing at a rate of 3.3%, which suggests an expanding local economy and may be contributing to the rising demand for housing. With more people moving into the area, there is potential for further growth in the real estate market as new residents seek both rental accommodations and homes to purchase.

Investment Opportunities and Potential in Buckhorn, Ontario

Considering the current market conditions, Buckhorn presents several attractive investment opportunities. The consistent appreciation in property values provides an optimistic outlook for investors looking at long-term capital gains. Single-family homes are particularly promising due to their higher annual price increase compared to apartments.

Investors interested in rental properties may also find opportunities within the apartment sector, as it is growing steadily albeit at a slightly lower rate than houses. With an increasing population and a possible influx of residents preferring smaller, more manageable living spaces or unable to enter the housing market immediately upon relocating, apartments could provide stable rental income streams.

Future Market Outlook for Buckhorn, Ontario

The future market outlook for Buckhorn remains positive with steady growth anticipated to continue. Population increases will likely maintain pressure on both the rental and buyer markets, potentially driving prices upward if supply does not keep pace with demand. This could result in an even greater appreciation of property values over time.

To sustain this growth and mitigate potential affordability issues that could arise from rapid price increases, local developments and construction initiatives may be necessary. Investors should also keep an eye on economic drivers such as employment rates and infrastructure developments in the region which will influence the long-term vitality of Buckhorn’s real estate market.

Overall, Buckhorn’s real estate market presents a robust investment landscape with room for growth and positive returns, especially for those willing to engage with the market dynamics over an extended period.