Burgoyne, 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 Burgoyne, Ontario currently presents a stable and growing environment with the median house price sitting at $500,000, which marks a 3.5% increase year-over-year. This consistent growth trend suggests a healthy demand for housing in the area. Similarly, apartments are experiencing a positive trend with a median price of $300,000 and an annual appreciation of 2.1%. The steady price increase of both houses and apartments indicates a balanced market that is not overheating but is still offering benefits to homeowners in terms of asset value growth.
The population of Burgoyne stands at 15,000 and has seen a robust growth rate of 7.1%. This demographic expansion supports the ongoing demand for housing, contributing to the rising property values and ensuring that the real estate market remains vibrant.
Investment Opportunities and Potential
With the median house price at half a million dollars and showing steady year-over-year growth, Burgoyne presents lucrative opportunities for investors looking for long-term capital gains. Rental properties are likely to be in demand due to the population increase, which could provide consistent rental income alongside asset appreciation.
The apartment sector also shows promise for investors, especially those looking to cater to smaller households or individuals who may be priced out of the detached home market. The more moderate price point and growth trend indicate an accessible entry for investment with potential for yield.
Given the overall economic stability indicated by the real estate trends, investments in commercial properties could also be beneficial as local businesses grow alongside the expanding population.
Future Market Outlook
The outlook for Burgoyne’s real estate market appears optimistic. Assuming that current economic conditions prevail—such as steady employment rates and favorable mortgage interest rates—the local housing market should continue its upward trajectory. The ongoing population growth will likely maintain pressure on housing supply, potentially leading to further increases in property values over time.
However, investors should monitor external factors such as changes in national economic policies or shifts in regional employment patterns that may impact consumer confidence and housing demands.
In conclusion, with careful consideration of broader economic indicators and maintaining an awareness of local development plans, stakeholders can approach Burgoyene’s real estate market with cautious optimism.
