Adelaidemetcalfe, 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 Adelaide Metcalfe, Ontario, currently shows a steady increase in property values. The median house price stands at $500,000, marking a year-over-year growth of 3.5%. This indicates a healthy demand for houses in the area, likely driven by both local factors and broader provincial economic conditions.
In contrast, the median apartment price is comparatively lower at $300,000, with a more modest year-over-year appreciation of 2.1%. This slower rate of increase may reflect a greater supply or reduced demand for apartments relative to houses in the municipality.
The population of Adelaide Metcalfe is approximately 15,000 residents, having experienced significant growth of 7.1%. Such demographic expansion suggests an increasing need for housing and can be a driving force behind the robust real estate market.
Investment Opportunities and Potential
The current trends offer several promising investment opportunities. The robust growth in house prices paired with substantial population increase points towards a strong potential for residential property investments. Investors could especially benefit from purchasing single-family homes, which are currently witnessing higher appreciation rates.
Moreover, the slower growth rate in apartment prices might position this sector as an attractive entry point for investors looking to capitalize on long-term gains or rental income potential. As population figures rise, the demand for various types of housing units, including apartments, is likely to grow correspondingly.
Future Market Outlook
The future outlook for Adelaide Metcalfe’s real estate market remains positive. The combination of consistent property value appreciation and significant population growth creates an environment conducive to ongoing demand for housing. Assuming no major economic disruptions occur, it is reasonable to expect that both house and apartment prices may continue to rise at a steady pace.
This outlook should encourage both current homeowners and potential investors about the stability and growth potential of the local real estate market. However, it’s important to monitor economic indicators and local developments closely as these could influence future trends.
