Allanburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Allanburg, Ontario, is experiencing steady growth, as indicated by the increasing median house price of $525,000, which reflects a year-over-year appreciation of 4%. Similarly, the apartment sector is showing positive momentum with a median price point of $315,000 and a growth trend of 2.5% over the same period. This consistent upward movement in property values suggests a healthy demand for housing in the area.
The population of Allanburg has reached approximately 15,500 residents and is continuing to grow at a rate of 3.3% annually. This demographic expansion contributes to the sustained demand for housing and supports the progressive real estate market trends observed in the region.
2. Investment Opportunities and Potential
Investment prospects in Allanburg are promising due to the region’s solid market fundamentals. With house prices showing a moderate increase, investors may find opportunities in acquiring residential properties that are likely to appreciate over time. The current trends suggest that both houses and apartments are viable investment options, with houses providing a slightly higher growth potential based on recent data.
The ongoing population growth serves as an indicator of future demand for rental properties, making buy-to-let investments particularly attractive. Additionally, the lower median price for apartments could be an entry point for investors seeking more affordable investment opportunities with stable yield prospects.
3. Future Market Outlook
Looking ahead, Allanburg’s real estate market is positioned for continued growth. The consistent pace of population increase is expected to sustain housing demand, potentially leading to further property value appreciation. While current trends show healthy growth rates for both houses and apartments, investors and homebuyers should remain cognizant of broader economic factors that could influence these patterns such as interest rates, employment levels, and regional development plans.
Assuming stable economic conditions prevail, Allanburg’s market dynamics suggest that the region will maintain its appeal as a desirable location for both living and investing. Stakeholders are advised to monitor local developments closely to capitalize on emerging opportunities and navigate potential challenges effectively.
