Amberley, 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 Amberley, Ontario is currently experiencing a period of steady growth. With a median house price sitting at $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a robust demand for housing in the area, which could be due to several factors including local economic growth, low-interest rates, or an influx of new residents.
Similarly, the apartment sector shows a positive trend with a median apartment price of $300,000 and an annual growth rate of 2.1%. This slower rate compared to houses suggests that while there is interest in more affordable and smaller living spaces, the demand for apartments may be less intense than for detached homes.
The population of Amberley stands at approximately 15,000 residents and has seen a significant population growth of 7.1%. This demographic expansion contributes to the increased demand for housing and supports the ongoing positive trend in property values.
Investment Opportunities and Potential
The steady increase in property values presents several opportunities for both residential and commercial investors. Given the consistent year-over-year growth rates for both houses and apartments, long-term investment strategies seem promising. Rental properties could also be an attractive option considering the population growth, as newcomers to Amberley will likely seek temporary accommodation before purchasing homes.
In addition to traditional purchase and rent strategies, there is potential in development projects aimed at expanding the local housing stock to meet increasing demand. Investors who are looking to build new residential units or refurbish older properties might find Amberley’s growing market to be fertile ground for such ventures.
Future Market Outlook
The future outlook for Amberley’s real estate market appears optimistic. The sustained growth in median house and apartment prices suggests that property values will continue to rise at a healthy pace. The substantial population increase implies that there will be continued demand for housing for the foreseeable future. However, investors should monitor economic indicators closely as changes in interest rates or employment levels could impact buyer affordability and subsequently affect property values.
An important consideration will also be municipal policies regarding development and zoning which can either enable or restrict the expansion of housing inventory necessary to accommodate new residents. Keeping an eye on these policies will be key for investors planning long-term projects.
In summary, Amberley’s real estate market currently demonstrates strong fundamentals with good potential for investment across various sectors – from rental properties to new developments – bolstered by consistent population growth and rising property values.
