Bruce is a popular residential neighbourhood in Ontario, Canada. One can find various options when looking for Bruce real estate for sale, and the most popular ones include 2-bed and 3-bed houses. The houses that dominate the market for residential property for sale in Bruce are 2-bedroom houses. The Bruce housing market has always seen a huge demand for detached houses for sale in Bruce, and they get sold out pretty quickly too.Â
Market Trend For Sale in BruceÂ
As per the real estate market trends in Bruce, the price of the houses has seen a decline of 11% from last year. As per the Bruce property price trends, the minimum mortgage paid here is approximately $583 for a property worth $149,900, and the maximum mortgage paid can be $3431 for a property worth $637,531. The Bruce housing market trends show a huge demand for 2-bedroom detached homes, which are sold very quickly here. The real estate trends in Bruce also show that the prices of detached homes or condos can vary based on the location, the carpet area and the amenities provided. Houses with a carpet area above 2000 sq. ft and furnished homes cost much higher than unfurnished ones.Â
Bruce NeighbourhoodsÂ
The neighbourhoods of Bruce include South Bruce, Northern Bruce Peninsula, South Bruce Peninsula, Brockton, Kincardine and Saugeen Shores, to name a few. One can also see a slight difference in Bruce and Bruce neighbourhoods house prices.Â
Real Estate MLS Listings and Investment in Bruce
The investment opportunities in Bruce are plenty, and one can easily find a property based on their requirement and budget. Buyers can pick from detached homes, condos, commercial and office spaces, semi-detached homes and townhouses for sale in Bruce
Market Stats Report of Bruce
One can find a good property in Bruce in the price range of $449,900 – 600,000. Most properties get sold out within a few weeks, and the sold price has seen a decline of 11% in the present year. The cost of a 2 bedroom house for sale in Bruce can be obtained in the price range of $425,000 – $724,000. Likewise, a 3-bedroom house can be bought for $599,000 - $999,000. Four-bedroom houses for sale in Bruce with a low carpet area can also be available for $599,000 - $749,000.Â
Demographic & Population Ratio in Bruce
A look at the Bruce demographics shows that the total population in 2021 was 73,396. The population of Bruce has witnessed an increase of 7.7% since 2016. Also, more than 31,112 dwellings were occupied in Bruce in the year 2021, which again was 7.8% higher than in 2016.
Real Estate Brokerage Trends
The Bruce real estate brokerage trends show that the property prices in Bruce might decrease further and stabilise during fall 2023. The decrease in property prices might also be due to the overall market sale price decrease in the Canadian housing sector. Following the market trends in Bruce will help investors secure a great property at a great price.
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Frequently Asked Question (FAQs)
How many homes for sale are available in Bruce?
There are 100+ homes available for sale in Bruce.
How many residential properties are available in Bruce?
There are 100+ residential properties available in Bruce. However, this number is subjective to market listings.
What is the median home price in Bruce?
The median home price in Bruce ranges from $1,070,000 for detached houses to $492,500 for units.
What is the average price of a condo property in Bruce?
The average price of a condo property in Bruce is $492,500 approximately. However, the average price is subject to change depending on the market valuation and condition.
Can foreigners/ex-pats buy property in Bruce?
Yes, ex-pats or foreigners can buy property in Bruce.
Which property is best to buy in Bruce?
Detached and semi-detached houses are most popular with the residents of Bruce.
Are detached or semi-detached properties for sale available in Bruce?
Yes, there are several detached and semi-detached properties for sale in Bruce.
Does Square Yards tell the property’s life in Bruce MLS?
Yes, the property listings on the Square Yards website have all the required details, including the property’s life.
What are the amenities do I get on buying Bruce property?
The amenities provided with every property in Bruce may vary from one property to another. One can check the details of the amenities provided on the listings page on the Square Yards website.
What is the minimum and maximum price range in Bruce?
The minimum and maximum property price range may vary between $149,900 to $999,000 in Bruce.Â