Annex, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $1,800,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.5% |
Apartment
Median price | $800,000 |
Monthly growth | 0.7% |
Quarterly trend | 1.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $1,500,000 |
3 bedrooms | $1,800,000 |
4 bedrooms | $2,200,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $600,000 |
2 bedrooms | $750,000 |
3 bedrooms | $900,000 |
Demographics
Current Population (2025) | 17,000 |
Previous Population (2020) | 16,500 |
Population Change | 3.0% |
Total Private Dwellings | 8,000 |
Occupied Private Dwellings | 7,500 |
Population Density (per km²) | 2.0 |
Land Area (km²) | 3,000.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Annex, Ontario is currently characterized by steady growth. With a median house price of $1,800,000 and a year-over-year price increase of 2.8%, the market demonstrates resilience despite economic fluctuations. The median apartment price stands at $800,000, with a slower growth rate of 1.5% over the past year.
This moderate price appreciation reflects healthy demand and suggests that the market is less prone to the rapid inflation seen in other hot markets. The area’s population has grown by 3% recently, which supports the ongoing demand for housing in the region and adds to the upward pressure on property values.
Investment Opportunities and Potential
Investors considering the Annex market may find opportunities in both residential houses and apartment units. Given the steady growth in property values, long-term investment strategies could yield favorable returns as market fundamentals remain strong. As population growth continues to drive demand, rental properties could benefit from increased rental rates over time.
The stable increase in home prices indicates a less volatile market, which might be attractive for investors seeking lower risk investments. Additionally, as Annex is likely to continue attracting new residents due to its desirability and amenities, investment in new construction or renovation projects may also present lucrative opportunities.
Future Market Outlook
The future outlook for Annex’s real estate market remains positive. Population growth is expected to sustain housing demand, while economic conditions and interest rates will further influence market dynamics. If current trends persist, we can anticipate continued gradual growth in property values without the extreme spikes seen elsewhere.
Careful monitoring of macroeconomic factors and local development plans should be considered by investors to adapt to any changes that could impact the market’s trajectory. Overall, Annex presents a promising real estate landscape with potential for sustainable investment returns.