Angus, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 Angus, Ontario, is currently experiencing a steady increase in property values. With the median house price sitting at $520,000, there has been a consistent year-over-year growth of 4%. The apartment sector is seeing a somewhat slower pace in terms of price increase, with the median apartment price at $310,000 and trending upwards at 2.5% year-over-year.
This growth is indicative of a healthy demand in the housing market of this community. With a population of approximately 15,500 that has grown by 3.3% recently, Angus is attracting new residents due to its affordability compared to larger urban centers, enhancing the overall demand for housing.
Investment Opportunities and Potential
The positive trends in Angus’s real estate market suggest that it holds promising investment opportunities. The steady growth in house prices indicates that purchasing residential properties could potentially yield solid returns through both capital appreciation and rental income. Moreover, with the population increasing steadily, demand for housing is likely to remain robust, which should keep vacancy rates low and support rental yields.
The more moderate growth rate in apartment prices also presents an opportunity for investors looking to enter the market at a lower price point while still benefiting from the region’s overall upward trajectory. Investors considering developments or renovations may find this segment particularly attractive as it offers potential for value addition.
Future Market Outlook
The future market outlook for Angus remains optimistic based on current data trends and demographic indicators. The continuous population growth suggests ongoing demand for housing will persist. If economic conditions remain favorable and interest rates stable, the real estate market is expected to maintain its steady course of appreciation.
In light of these factors, investors could reasonably expect sustained growth in property values over the mid to long term. As such, both residential homes and apartments represent viable investment vehicles within this burgeoning market.
It must be noted that external factors such as changes in national economic policies or unexpected global events could impact these projections. Therefore, maintaining vigilance on broader economic indicators remains crucial when considering investments in real estate.
