Ameliasburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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
Current Market Conditions and Trends
The real estate market in Ameliasburg, Ontario is currently experiencing a period of steady growth. The median house price stands at $525,000, with a year-over-year increase of 4%. This suggests a healthy upward trend in property values, indicating that the market is attracting buyers and investors alike. Similarly, the median apartment price has reached $320,000, with a more moderate year-over-year appreciation of 2.5%. The slower growth rate for apartments may be indicative of a more saturated market segment or a higher investor caution in this housing type.
The underlying population growth of 3.3%, which has brought the region’s population to approximately 15,500 residents, is likely contributing to the demand for housing. This demographic expansion can also be seen as a positive indicator of the area’s economic health and potential for future development.
Investment Opportunities and Potential
Given the current trends, investment opportunities within Ameliasburg appear promising. Single-family homes, in particular, are showing robust appreciation and could present an attractive option for both long-term investors and those looking to enter the rental market. With population growth outpacing new housing developments, demand is expected to remain strong, potentially leading to a further tightening of the market and increased rental incomes.
Apartments offer a different investment profile with their lower entry price point and slower appreciation rate. They may appeal to investors seeking more affordable investments or those looking to diversify their portfolio. Considering the steady population increase, rental demand should continue to rise, offering stable income prospects for apartment owners.
Future Market Outlook
The outlook for Ameliasburg’s real estate market remains positive. The consistent population growth serves as a fundamental driver for housing demand which is expected to maintain upward pressure on property prices. If current economic conditions persist, we can anticipate continued growth in both house and apartment prices, though possibly at varied rates due to differences in market dynamics.
In addition to residential properties, future infrastructure projects and commercial developments could further invigorate the local market by creating job opportunities and attracting new residents. Prospective investors should monitor such developments closely as they could significantly impact property values and enhance Ameliasburg’s appeal as an investment destination.
Overall, while no market is without risk, Ameliasburg presents an array of opportunities for savvy investors willing to capitalize on its growing economy and expanding population base.
