Annex, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $850,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,550,000 |
| 4 bedrooms | $1,900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $750,000 |
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 2.2 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Annex, Ontario, currently presents a robust and growing environment, with the median house price at $1,550,000. This reflects a healthy appreciation of 4% year-over-year, suggesting a steady demand for detached homes. In contrast, the apartment sector has demonstrated a slightly more modest growth with the median apartment price standing at $850,000, representing an increase of 2.5% year-over-year. These trends indicate a well-balanced market that caters to both single-family home buyers and those looking for apartment living.
Investment Opportunities and Potential
The Annex’s real estate market offers promising investment opportunities. The consistent rise in property values coupled with the population growth of 3.2%, signals an increasing demand for housing. Investors can expect continued appreciation in property values due to this demographic trend and the area’s desirability. Long-term investments particularly stand to benefit from these conditions, as the sustained growth in both housing segments underlines the potential for solid returns on investment.
Future Market Outlook
Looking forward, the future market outlook for Annex is optimistic. The steady population increase to approximately 16,000 residents suggests that the demand for housing will persist, supporting ongoing property value appreciation. Moreover, infrastructure developments and community investments may further bolster the attractiveness of Annex as a location to live and invest in. While current trends are positive, potential investors should monitor economic indicators and remain aware of shifts in interest rates or local policy changes that could impact the market dynamics.
