Aberfoyle, 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 Aberfoyle, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual price increase of 3.5%, the market is showing signs of healthy expansion. Similarly, apartments are seeing a more modest yearly price increment of 2.1%, with the median apartment price positioned at $300,000. The community’s population stands at 15,000 and has experienced substantial growth at a rate of 7.1%. This demographic expansion indicates a robust demand for housing and suggests that the real estate market is likely to remain buoyant.
Investment Opportunities and Potential
The real estate market in Aberfoyle presents promising investment opportunities. The consistent increase in housing prices reflects a sustained demand that investors can capitalize on. Given the 3.5% year-over-year increase in house prices and the continuous population growth, investing in residential properties could yield significant returns. Furthermore, as the market for apartments is also showing an upward trend, albeit at a slower rate of 2.1%, there is potential for diversification into multi-family units which may appeal to investors seeking long-term income through rentals.
Future Market Outlook
Looking forward, the future market outlook for Aberfoyle remains optimistic. The ongoing population growth suggests that demand for housing will continue to rise, potentially pushing property values up further over time. As long as economic conditions remain stable and supportive of growth, both the house and apartment markets are expected to maintain their upward trajectory. Investors should monitor local development plans and infrastructure improvements, as these factors could contribute positively to future appreciation rates in Aberfoyle’s real estate market.
