Actinolite, 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 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 Actinolite, Ontario is experiencing steady growth, with the median house price currently standing at $500,000, marking a year-over-year increase of 3.5%. This reflects a healthy demand in the housing sector, likely driven by a combination of local economic factors and the region’s attractiveness to both residents and investors. Similarly, the apartment market is showing positive momentum, with median prices at $300,000 and growing at a slower but stable rate of 2.1% year-over-year.
The population of Actinolite has reached approximately 15,000 residents, having grown by 7.1% recently. This significant population growth suggests an increasing demand for housing and potential pressure on the market to supply adequate inventory to meet this demand.
Investment Opportunities and Potential
Investors considering Actinolite’s real estate market can find opportunities in both housing and apartment sectors due to consistent price appreciation. The stable growth in property values indicates that investments made today have a good probability of appreciating over time. Moreover, given the robust population growth, there is potential for rental properties to see increased demand, which could translate into higher rental yields for investors.
New development projects may also be an attractive opportunity, as the rising population could necessitate new residential and commercial infrastructure. Investors with a long-term strategy might explore development or renovation projects, especially those that cater to the needs of a growing community.
Future Market Outlook
The future outlook for Actinolite’s real estate market remains optimistic. Assuming current trends continue, the steady increase in property values is likely to persist. Factors contributing to this positive outlook include ongoing population growth and economic stability within the region.
The sustained population increase should continue to drive demand for both ownership and rental properties. However, investors and policy makers alike should monitor inventory levels to prevent potential housing shortages or affordability issues that could arise from sustained high rates of growth.
In conclusion, Actinolite presents an appealing real estate market with solid investment potential fostered by consistent growth trends. Stakeholders are encouraged to remain informed on local developments that could influence future market dynamics.
