Gamebridge, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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 | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gamebridge, Ontario is currently experiencing a steady growth trajectory. With a median house price of $525,000, the market has seen a year-over-year increase of 4%. This marks a healthy appreciation rate that reflects both the demand for single-family homes and the overall economic stability in the region. Similarly, apartments are maintaining a positive trend with a median price of $320,000 and an appreciation rate of 2.5% year-over-year. The population growth of 3.3% suggests an increasing demand for housing which is likely to support continuous price growth in the near-term market.
Investment Opportunities and Potential
Investors looking at Gamebridge will find appealing opportunities due to the area’s growing population and consistent property value appreciation. The steady increase in median house and apartment prices indicates a stable investment environment with potential for capital gains over time. Single-family homes represent a particularly promising investment as they have outpaced apartments in terms of price growth, suggesting stronger demand in this segment. Furthermore, given the area’s population growth rate, there is potential for rental investments to yield solid returns as more people seek housing in Gamebridge.
Future Market Outlook
The future market outlook for Gamebridge is optimistic given current trends and demographic data. Assuming the area’s economy remains robust and population growth continues at its current pace or higher, demand for housing is expected to remain strong. This should result in continued appreciation of property values across both houses and apartments. However, investors and homeowners should keep an eye on broader economic indicators and potential changes in interest rates as these factors could impact affordability and borrowing costs, which would affect the real estate market accordingly.
