Angus, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $505,000 |
Monthly growth | 1.3% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $305,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $505,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 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 steady growth. The median house price in the area is $505,000, which represents a 4% increase year-over-year. This suggests a healthy demand for single-family homes, likely driven by both local factors and broader provincial real estate trends. On the other hand, the median apartment price stands at $305,000, with a smaller yet positive growth rate of 2.5% year-over-year. The differential in growth rates between houses and apartments may indicate a stronger preference for more spacious living accommodations or a reflection of a national trend towards single-family homes.
Investment Opportunities and Potential
The real estate market in Angus presents several investment opportunities. The steady increase in property values coupled with a population growth rate of 3.3% points to a sustained demand for housing. Investors may find value in acquiring residential properties to cater to the growing population, which currently stands at approximately 15,500 residents. The rise in house prices outpacing that of apartments could be an indicator that single-family homes may offer better capital appreciation potential over time. Additionally, rental investments could yield favorable returns given the population influx and the consequent demand for rental units.
Future Market Outlook
The outlook for Angus’s real estate market remains optimistic based on current trends and demographic data. With an above-average population growth rate, there’s an anticipation of continued demand for housing, which should support property values. While current trends point towards a preference for houses over apartments, investors should remain cognizant of any shifts that might arise due to changes in economic conditions or housing policies. Overall, the Angus real estate market appears poised for further growth and presents a promising landscape for both residential property buyers and real estate investors seeking long-term appreciation.