Alexandria, 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 Alexandria, Ontario, is currently experiencing a period of steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This increment signals a healthy demand for single-family homes in the region. Meanwhile, the apartment sector is also showing positive dynamics with the median price at $300,000, ascending at a slower pace with a 2.1% year-over-year trend.
This growth is underpinned by Alexandria’s expanding population, now reaching approximately 15,000 residents, demonstrating a robust growth rate of 7.1%. The population increase suggests an ongoing influx of residents that could be attributed to Alexandria’s appeal as an affordable alternative to larger urban centers, coupled with its quality of life.
Investment Opportunities and Potential
The current trajectory of the housing market presents several opportunities for investors. The consistent rise in property values indicates that investments in residential real estate could yield considerable returns over time. The moderate yet steady appreciation rate for apartments shows potential for long-term investment strategies focused on rental income and capital gains.
Moreover, Alexandria’s significant population growth could drive demand for both rental and owner-occupied housing, suggesting room for development projects. Investors might also explore diversifying their portfolios by targeting different segments within the market, such as affordable housing options or luxury properties to cater to varied demographics.
Future Market Outlook
Looking ahead, the real estate market in Alexandria appears poised for continued growth. Assuming current economic conditions persist—such as low-interest rates and favorable employment trends—the demand for housing should remain robust. Given the town’s population surge, there may be an increasing need for new residential developments to accommodate incoming residents.
However, potential investors and stakeholders should monitor key factors that could impact market dynamics such as changes in government housing policies, shifts in the local economy, or interest rate fluctuations. Vigilance towards these elements will be crucial in seizing opportunities and mitigating risks in Alexandria’s real estate landscape.
