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 stands at $500,000, which marks a year-over-year increase of 3.5%. This growth rate is indicative of a healthy demand for single-family homes in the area, as well as an ongoing confidence in the local housing market.
Apart from houses, the apartment market is also showing positive trends with a median price of $300,000 and a year-over-year price increase of 2.1%. This suggests that smaller living spaces such as apartments are also in demand, possibly reflecting the needs of smaller households or investment interests.
With a population of 15,000 and a significant population growth of 7.1%, Burnstown’s demographic trends are likely contributing to the demand for housing. This consistent influx of residents might be due to various factors such as employment opportunities, quality of life improvements or regional investments that make Burnstown an attractive place to live.
Investment Opportunities and Potential
The current trends in Burnstown present multiple avenues for real estate investment opportunities. The steady growth in house prices demonstrates potential for capital gains over time, especially for investors looking to engage with the single-family home market.
In addition to this, the apartment sector shows promise for investors focused on rental income. With a slower yet stable price increase trend compared to houses, apartments may offer more affordable entry points into the real estate market while still providing potential for appreciation.
The robust population growth further underscores the potential for rental demand, which could be exploited by both residential and commercial real estate investors. New developments or renovations in existing properties could cater to the inflow of residents seeking modern amenities and convenient lifestyles.
Future Market Outlook
The future outlook for Burnstown’s real estate market remains optimistic given the current data trends. If the population continues to grow at its current pace, it could sustain or even accelerate the demand for housing across all sectors.
The appreciation rates for both houses and apartments suggest that Burnstown’s market is not overheating but rather growing at a stable rate conducive to long-term investment. However, factors such as economic policy changes, interest rate fluctuations, and broader economic conditions should be monitored closely as they can impact local market dynamics.
Investors and homebuyers should consider these factors along with their personal objectives when making decisions in Burnstown’s real estate landscape. Staying informed about local developments and engaging with knowledgeable professionals will remain key strategies for success in this evolving market.