Adelaidemetcalfe, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Adelaide Metcalfe, Ontario, the real estate market has been showing a steady increase in property values. The current median house price stands at $525,000, which represents a 4.2% increase from the previous year. This indicates a healthy growth in the market which is slightly above national inflation rates, suggesting that housing in this region is becoming more valuable over time.
The apartment market is also experiencing growth albeit at a slower pace, with the median apartment price currently at $310,000, marking a 2.5% rise year-over-year. This suggests that while there is an appreciation in value for apartments, it’s less pronounced compared to houses.
The population of Adelaide Metcalfe is at 15,200 and has seen a significant growth rate of 4.8%. This influx of residents can have numerous impacts on the housing market including increased demand for housing and potential upward pressure on prices if supply does not keep up with demand.
Investment Opportunities and Potential
Given the current trends in Adelaide Metcalfe’s real estate market, investment opportunities appear promising. The steady growth in house prices indicates a stable market where investments could appreciate over time. Additionally, the high population growth rate suggests that there will be continued demand for housing which may lead to further appreciation of property values.
Investors looking to purchase properties for rental income may find the apartment sector particularly attractive due to its lower entry price point when compared to houses. Moreover, as population increases, there will likely be a higher demand for affordable rental options which apartments typically offer.
For those considering longer-term investments or development projects, the consistent rise in both house and apartment prices coupled with population growth presents an opportunity to cater to an expanding market.
Future Market Outlook
The future outlook for Adelaide Metcalfe’s real estate market appears positive based on current data. Assuming that economic conditions remain stable and the local job market continues to grow alongside the population, it is reasonable to anticipate that both house and apartment prices will continue their upward trend.
However, investors should monitor factors such as interest rates, employment rates in nearby urban centers, and any changes in local land-use policies which can affect housing supply and affordability. Additionally, since all markets are cyclical, it’s important to recognize that long-term trends might shift due to broader economic changes.
In conclusion, Adelaide Metcalfe presents itself as an appealing area for real estate investment with its growing population and steady price increases. Prospective investors should proceed with due diligence and stay informed about both local and national economic indicators to make well-informed decisions.
