Apsley, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, Apsley, Ontario is experiencing a relatively stable real estate market. The median house price in the region stands at $500,000, which reflects a modest year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, with growth rates suggesting steady appreciation rather than a volatile spike often associated with speculative bubbles.
In the apartment sector, the median price is currently $300,000, with a slower growth trend of 2.1% year-over-year. This differential in growth rates between houses and apartments may signal a more significant demand for detached homes, which is not uncommon in smaller communities where space is less constrained than in dense urban centers.
The population of Apsley has reached approximately 15,000 residents, with a notably robust growth rate of 7.1%. Such demographic expansion is typically a positive sign for real estate markets as it drives demand for housing.
Investment Opportunities and Potential
The current market trends in Apsley suggest that investment opportunities may be particularly favorable in the single-family home segment. Given the steady price appreciation and demographic growth, investors might find long-term capital gains prospects in purchasing residential properties.
Moreover, the population increase implies potential rental demand; thus, investors looking to generate rental income might also consider investing in both houses and apartments. Nevertheless, while apartments show slower appreciation, they often offer higher yields in terms of rental income relative to purchase price. As such, they could be an attractive option for those seeking cash flow.
Developers and investors should also note the implications of population growth on infrastructural needs and commercial real estate development possibilities. As the community expands, so does the need for retail spaces, office buildings, and service-related facilities.
Future Market Outlook
The outlook for Apsley’s real estate market remains cautiously optimistic based on current trends and demographic data. Should the population continue to grow at or near its current rate, demand for housing is likely to remain strong. The consistent appreciation in house prices suggests that Apsley is experiencing sustainable growth.
However, investors must also consider broader economic conditions such as interest rates, employment levels within the region, and national economic policies that could affect local market conditions. Continuing to monitor these factors will be crucial for those interested in entering or already participating in Apsley’s real estate market.
In conclusion, Apsley presents itself as an active market with reasonable investment potential across various property types. Careful analysis of specific opportunities and vigilant tracking of external economic influences will remain essential practices for successful real estate endeavors here.