Aberfoyle, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
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 | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Aberfoyle, Ontario is currently experiencing a steady growth in property values. With a median house price of $510,000 and a year-over-year increase of 4%, the market demonstrates resilience and attractiveness to buyers. Similarly, apartments are seeing a positive trend with a median price of $315,000 and an appreciation of 2.5% over the past year.
The consistent growth reflects a stable demand for housing in the region. Aberfoyle’s population has reached approximately 15,500 residents, with a significant population growth rate of 3.3%. This demographic expansion is likely contributing to the sustained demand for both houses and apartments as more people seek residence in this inviting community.
2. Investment Opportunities and Potential
In light of the current market trends, Aberfoyle presents several promising investment opportunities. The steady increase in property values indicates potential for capital gains for those investing in residential properties. Given that the median house price growth outpaces that of apartments, single-family homes may represent particularly advantageous investment opportunities at this time.
Moreover, with population growth outstripping national averages, demand for rental properties is expected to rise. Investors may look towards purchasing apartments as income properties to capitalize on the increasing need for rental accommodations among new residents and young professionals attracted by local job opportunities or lifestyle choices.
3. Future Market Outlook
The future of Aberfoyle’s real estate market appears positive based on current data and trends. Given the robust population growth rate coupled with economic stability, it is reasonable to anticipate continued demand for housing which should sustain property value appreciation in the foreseeable future.
Aberfoyle’s strategic location and quality of life are factors that could further drive interest in the area’s real estate market, potentially attracting new investments and leading to further development projects. As long as these local economic conditions remain favorable and supportive infrastructure keeps pace with population growth, Aberfoyle’s real estate market is poised for ongoing strength.
