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 | $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 Actinolite, Ontario, is exhibiting a steady growth trajectory, as evidenced by the current housing data. With a median house price of $500,000, the market has seen a respectable year-over-year increase of 3.5%. This increment is indicative of a healthy demand for houses in the region, reflecting consumer confidence and a robust local economy.
In contrast, the apartment sector presents a slightly different picture. The median apartment price stands at $300,000, with a more modest appreciation rate of 2.1% year-over-year. This suggests that while there is growth in the apartment market as well, it is at a slower pace compared to standalone houses.
The population of Actinolite stands at 15,000 residents, with an impressive growth rate of 7.1%. Such demographic expansion is often a precursor to increased housing demand, thus reinforcing the positive outlook for the local real estate market.
Investment Opportunities and Potential
Given Actinolite’s burgeoning population and steady property value appreciation, investment opportunities within the real estate sector appear promising. The consistent rise in house prices points towards a seller’s market scenario, where property investors could potentially reap significant capital gains over time.
The growing population also suggests that rental properties might be increasingly in demand. Investors could benefit from this trend by considering investments in multi-unit residential properties or developing new rental units to cater to this emerging market segment.
Furthermore, with apartment prices increasing at a more gradual pace compared to houses, there may be opportunities for investors to enter the market at a lower price point while still participating in the overall growth of the area.
Future Market Outlook
The future outlook for Actinolite’s real estate market remains optimistic. The combination of ongoing population growth and consistent property value appreciation is likely to sustain demand across both housing and apartment sectors. Assuming current economic conditions persist, we can anticipate continued growth in median house and apartment prices, although houses are expected to maintain a higher appreciation rate relative to apartments.
As more people move into the area and contribute to its economic vitality, investors may find that now is an opportune time to explore real estate ventures within Actinolite. Long-term investments are particularly attractive due to the potential for further demographic expansion and economic development within the region.
To capitalize on these trends, prospective buyers and investors should remain vigilant regarding local zoning regulations, development plans, and infrastructure improvements that could impact future property values. Staying informed will be key to making astute investment decisions in this dynamic market.
