Flamborough, 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 Flamborough, Ontario has been showing steady growth, with the median house price currently standing at $500,000. This marks a year-over-year increase of 3.5%, indicating a stable upward trend in property values. Similarly, apartments have seen a rise in value, with the median price reaching $300,000 and an annual growth rate of 2.1%. These statistics suggest that the market is experiencing consistent appreciation across different types of properties.
Driving this growth is likely a combination of factors including Flamborough’s attractive rural setting with proximity to urban centers like Hamilton, as well as its relatively small but burgeoning population of 15,000 residents which has grown by 7.1%. This demographic trend suggests increased demand for housing in the area which may continue to push prices upward.
Investment Opportunities and Potential
Given the current trends in Flamborough’s real estate market, investment opportunities appear promising. The ongoing appreciation in house and apartment prices points towards a healthy investment environment for both residential properties and rental units. Investors might be particularly interested in single-family homes due to their higher year-over-year price increase compared to apartments.
The significant population growth presents an opportunity for developers and investors to cater to the increasing demand for housing. Moreover, as more people seek properties in suburban and rural areas following trends accelerated by the pandemic, places like Flamborough become attractive locales for those looking for more space and a connection to nature without straying too far from urban amenities.
Future Market Outlook
The future market outlook for Flamborough remains optimistic. With current trends showing sustained growth in property values coupled with strong population increases, it’s reasonable to expect that demand for housing will continue to rise. This is especially true if the area maintains its appeal through continued development that respects its rural character while providing essential amenities and services.
However, potential investors should also consider external factors such as interest rates, economic health, and government policies related to real estate that could influence market dynamics. For now, though, Flamborough seems poised for continued growth making it an attractive option for both homebuyers and investors.
