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 currently exhibits a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of steady appreciation. Similarly, the apartment sector presents a median price point of $300,000, which has grown by 2.1% from the previous year. These trends indicate a healthy demand that is well-aligned with the national real estate market movements.
The population in Alexandria stands at 15,000 and has experienced significant growth at a rate of 7.1%. This demographic expansion has been a contributing factor to the increased housing demand, fueling both sales and price buoyancy in the market. The current inventory levels may be tight due to this high demand, leading to competitive conditions for buyers.
Investment Opportunities and Potential
The positive trajectory in house prices coupled with sustained population growth provides an optimistic outlook for investment in Alexandria’s real estate market. Single-family homes, given their higher year-over-year price increase, present an attractive option for investors looking for capital gains in the medium to long term. The rental market is also likely to benefit from the population influx, suggesting that multi-family units or apartment buildings could offer good returns on investment from rental income.
Given that Alexandria’s apartment prices are growing at a slightly slower pace compared to houses, there may be opportunities for investors to enter the market at a more accessible price point with potential for future appreciation. Additionally, new developments or refurbishment projects could cater to the needs of the growing population and add value through modernization and improved living standards.
Future Market Outlook
Assuming current trends continue, Alexandria’s real estate market appears poised for continued growth. The solid year-over-year price increases across housing types reflect a robust local economy and bode well for future property values. However, investors should monitor local developments such as employment rates, infrastructure investments, and changes in municipal policies that could impact the market dynamics.
Furthermore, as population growth outpaces new housing supply, there may be upward pressure on prices due to heightened competition among buyers. This could lead to affordability challenges but may also present an opportunity for developers to address this gap. Careful consideration of these factors will be essential when forecasting Alexandria’s real estate outlook over the coming years.
