Fraserburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Fraserburg, Ontario, has shown a steady increase in property values over the past year. With a median house price sitting at $525,000, the market experienced a growth of 4.2% year-over-year. This trend indicates a healthy demand for housing in the area, which is likely driven by its appealing location and amenities.
In comparison, the median apartment price is currently at $320,000, with a more modest growth rate of 2.8% year-over-year. This slower pace suggests that apartments are a relatively more accessible entry point into the Fraserburg real estate market for investors and first-time homebuyers alike.
Investment Opportunities and Potential
The Fraserburg real estate market offers promising investment opportunities. Given the town’s population of 15,500 and a notable population growth rate of 3.3%, there is an increasing demand for housing. Investors can capitalize on this upward trend by focusing on both residential homes and apartments, which have both shown consistent appreciation in value.
The stronger growth in house prices compared to apartments may indicate a greater long-term investment potential for single-family homes. However, apartments should not be overlooked as they offer a more affordable option for renters, potentially translating into sustained rental income for investors.
Future Market Outlook
The future outlook for Fraserburg’s real estate market remains positive. The continuous population growth implies an ongoing need for housing, which should support the stability of property values over time. Moreover, as the local economy expands and diversifies, we can anticipate further interest from outside investors and potential residents seeking opportunities within the community.
The current trends suggest that both houses and apartments will continue to appreciate but at different rates. Detached homes may see higher capital gains due to their scarcity and land value, whereas apartments could become increasingly popular among smaller households or those looking for more affordable living options amidst rising prices.
In conclusion, Fraserburg presents itself as an attractive market with solid growth prospects for both personal residences and investment properties. Stakeholders are encouraged to monitor local economic indicators closely as they may signal shifts in these trends going forward.
