Ameliasburgh, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $310,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
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 Ameliasburgh, Ontario is currently experiencing steady growth. The median house price in the region stands at $520,000, with a year-over-year increase of 4%. This indicates a stable market with consistent appreciation in property values. Similarly, the median apartment price is $310,000, reflecting a more modest growth rate of 2.5% year-over-year. This differential in growth rates suggests that houses are in higher demand relative to apartments.
Ameliasburgh’s population has reached approximately 15,500 residents and has been growing at a rate of 3.3%. This positive demographic trend is likely contributing to the demand for housing and can be seen as a contributing factor to the upward pressure on property prices.
Investment Opportunities and Potential
Given the steady rise in property values and increasing population, Ameliasburgh presents itself as an attractive location for real estate investment. The sustained growth rate for houses points towards a robust market for single-family homes. Investors could expect continued appreciation in value over time, making it a potentially lucrative long-term investment.
Apartments offer a more affordable entry point into the real estate market and may be particularly appealing to investors looking to cater to smaller households or rental markets. Though the growth rate for apartments is lower than that of houses, consistent appreciation suggests that there is still potential for return on investment in this segment.
With population growth outpacing national averages, demand for housing is expected to remain strong. Investors should consider both immediate rental income opportunities and long-term capital gains when evaluating properties in Ameliasburgh.
Future Market Outlook
The outlook for the Ameliasburgh real estate market remains positive. Population growth is typically a strong indicator of future housing demand, and with the current 3.3% increase, it’s reasonable to expect that demand will continue to drive property values upwards.
The consistent trend in price increases across both houses and apartments suggests confidence in the stability of the local market. Barring any unforeseen economic changes or shifts in housing policies, Ameliasburgh is poised for continued growth. Investors and homebuyers alike can find reassurance in these trends when considering long-term commitments to the area’s real estate market.
In conclusion, data-driven analysis points towards a healthy real estate environment with solid opportunities for investment and promising prospects for future market performance in Ameliasburgh.
