Market Reports Jeff Thibodeau Market Reports Jeff Thibodeau

The Brantford Rental Market - Fall 2024

The rental market analysis for real estate investors highlights the expected rental prices across various property types and bedroom configurations based on the most recent 60 days of market data. Apartments show a wide range of rents, with one-bedroom units achieving between $1,300 and $2,200, while two-bedroom units range from $1,450 to $2,400. Basement apartments provide more stable rents, with two-bedroom units typically fetching around $1,600. Larger homes offer higher returns, with three-bedroom houses renting between $2,457 and $3,100, and four-bedroom homes commanding up to $3,200. This report equips investors with insights into potential rental income, allowing for informed decision-making based on property type and size.

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Market Reports Jeff Thibodeau Market Reports Jeff Thibodeau

Big Changes In The Fall Real Estate Market

Current trends paint a picture of a dynamic landscape shaped by historical patterns, economic shifts, and evolving buyer preferences. As we delve into October's figures, we find the median sale price of residential homes continuing its upward trajectory at $650,000, marking a steady rise amid fluctuating interest rates and a recovering market from the downturn influenced by the Bank of Canada's previous rate hikes. While the market shows a robust year-over-year price increase, it remains in a state of balance, with a significant portion of sales concentrated in homes under the $800,000 mark and properties listed for less than six weeks demonstrating the highest turnover.

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Market Reports Jeff Thibodeau Market Reports Jeff Thibodeau

Brantford Real Estate Market Shifting Dramatically

September brought about a significant increase in the number of properties listed in Brantford. We saw 283 properties listed for sale, marking a 30% increase from both August and the previous year. Historically, this is the highest for a September in the last decade. However, a good portion of these are not new listings but are re-listings of properties that had been temporarily taken off the market.

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