Burgessville, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Burgessville, Ontario, currently presents a stable growth environment. With a median house price standing at $500,000, there has been a steady year-over-year increase of 3.5%. This growth trend aligns with the incremental development and expansion seen within the community. The apartment sector is also exhibiting growth with a median price of $300,000 and a modest year-over-year appreciation of 2.1%. The consistent price appreciation can be attributed to Burgessville’s growing population, which has recently increased by 7.1%, signaling a robust demand for housing in this region.
Investment Opportunities and Potential
Burgessville offers compelling investment opportunities, particularly in residential properties. Given the median house price of half a million dollars coupled with a steady growth rate, investors can anticipate continued capital appreciation in the medium to long term. The apartment market also remains attractive for investors looking for more affordable entry points into real estate or seeking rental income properties. With population growth outpacing many other regions, the demand for both rental and owned properties is expected to remain strong, further underpinning investment potential in Burgessville’s real estate market.
Future Market Outlook
The outlook for Burgessville’s real estate market remains optimistic. Population growth trends suggest an ongoing demand for housing, which should sustain property value increases. The current growth rates of 3.5% and 2.1% for houses and apartments respectively indicate a balanced market trajectory without signs of overheating or bubbles. As such, both homeowners and investors can look forward to a favorable environment for capital gains. However, it is always recommended to monitor economic indicators closely as changes in interest rates, employment levels, and regional developments could impact these projections.
