Burnstown, 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 Burnstown, Ontario is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, which indicates a healthy 3.5% year-over-year increase. This trend reflects a robust demand for residential properties and a stable local economy that supports real estate investments. The apartment sector is also showing positive movement, with the median apartment price at $300,000, growing at a slightly more modest rate of 2.1% year-over-year.
It’s worth noting that the local population has seen significant growth of 7.1%, suggesting that Burnstown is an attractive location for newcomers, which may be driving the demand for housing. This increase in population is likely contributing to the sustained upward pressure on property prices as more people compete for available homes.
Investment Opportunities and Potential
For investors interested in the Burnstown real estate market, there are several factors to consider. The consistent growth in property values presents an opportunity for capital appreciation over time. Given the current trends, investing in single-family homes could yield promising returns due to their higher year-over-year price increase compared to apartments.
Additionally, with an expanding population, there may be an increased demand for rental properties, making buy-to-rent investments particularly appealing. As newcomers look for temporary or long-term housing solutions, investors can benefit from potentially higher rental yields and lower vacancy rates.
Furthermore, Burnstown’s growing market may attract new developments and infrastructure projects that can enhance property values in surrounding areas. Investors should keep an eye on such projects as they can present opportunities to invest early in up-and-coming neighborhoods.
Future Market Outlook
Looking ahead, the future market outlook for Burnstown remains optimistic. With a strong population growth rate and consistent upward trends in property prices, it is reasonable to expect that the real estate market will continue to thrive in the near term. If current economic conditions persist and interest rates remain favorable, buyers are likely to remain active within the market.
However, potential investors should remain aware of external factors such as changes in government policy or economic shifts that can influence market dynamics. Staying informed about these factors will be critical for making sound investment decisions.
In summary, Burnstown presents a promising landscape for real estate investment with its growing population and solid price trends indicating a dynamic and expanding market with potential for both short-term gains through flipping or rentals and long-term capital growth.
