Amaranth, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| 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 | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Amaranth, Ontario, is currently experiencing a steady growth pattern. With a median house price of $525,000 and a year-over-year increase of 4%, the market is showing resilience and a positive upward trend. Similarly, the median apartment price stands at $320,000, with a more moderate growth rate of 2.5% year-over-year. This suggests that while demand remains strong for both housing types, single-family homes are witnessing slightly higher appreciation rates.
The population of Amaranth has reached approximately 15,500 residents, reflecting a robust population growth rate of 3.3%. This increase indicates an inflow of residents, likely driven by the town’s appealing living conditions and potential for investment opportunities. As more people move into the area, it can be expected that demand for housing will continue to rise, which may further fuel property value growth over time.
2. Investment Opportunities and Potential
Amaranth’s real estate market presents promising investment opportunities due to its consistent growth in property values and population expansion. Investors looking to capitalize on the town’s growth trajectory should consider both single-family homes and apartments as viable options. The higher growth rate in house prices suggests that single-family residences might offer better capital gains in the short to medium term.
The ongoing population growth also indicates sustained rental demand, making buy-to-let properties an attractive proposition for those seeking steady income streams alongside long-term equity building. With the current trends, investing in Amaranth’s real estate could yield profitable returns as the town continues to expand and attract new residents.
3. Future Market Outlook
The future market outlook for Amaranth remains optimistic based on current data. Assuming that the town maintains its pace of development and continues to attract newcomers due to its livability and economic opportunities, one can expect ongoing demand for housing.
If the current trends persist, property values are likely to continue their upward trajectory. However, investors should also consider broader economic factors such as interest rates, employment rates, and regional economic policies that could impact the market dynamics. Monitoring these indicators will be key for anyone looking to invest or currently holding property in Amaranth.
In conclusion, Amaranth represents a vibrant real estate market with strong fundamentals supporting both short-term investment returns through capital appreciation and long-term gains from rental income and population-driven demand.
