Falconbridge, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Falconbridge, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is healthy and showing positive signs for both homeowners and investors. Similarly, the median apartment price stands at $300,000, with a slightly lower year-over-year increase of 2.1%. This differentiation between housing types indicates a more significant demand for houses in the area.
The population has grown to 15,000 residents, with a substantial growth rate of 7.1%. This influx of new residents may be contributing to the demand for housing and can be seen as a sign of a vibrant community that is attracting individuals and families looking for a place to live and work.
Investment Opportunities and Potential
Falconbridge’s real estate market offers several opportunities for investors. Given the consistent rise in property values and the robust population growth rate, there is potential for both long-term capital gains and rental income. The increasing population suggests that rental properties will remain in demand, providing investors with a continuous income stream.
Investors should consider diversifying their portfolio between houses and apartments to capitalize on varying market trends. Additionally, with the current trends indicating gradual growth rather than rapid spikes, investments in this region may be less volatile compared to more dynamically changing markets.
Future Market Outlook
The future outlook for Falconbridge’s real estate market appears promising. The steady increase in property values coupled with significant population growth provides a solid foundation for sustained market health. Assuming the local economy continues to thrive and attract new residents, demand for housing is likely to remain strong.
However, potential investors should also be aware of broader economic factors that may impact interest rates, employment levels, and general consumer confidence which could affect the real estate market indirectly. While current trends point towards continued growth, it is important to maintain vigilance for any signs of market adjustment or economic shifts that could influence future market conditions.
