Apto, 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 | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 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
In Apto, Ontario, the real estate market is experiencing steady growth. The median house price currently stands at $520,000, with a year-over-year increase of 4%. This indicates a healthy uptrend in property values, reflecting ongoing demand. Similarly, the median apartment price has reached $310,000, climbing at a slightly slower year-over-year rate of 2.5%. This divergence in growth rates between houses and apartments may suggest a stronger preference for single-family homes or potential affordability constraints affecting apartment buyers.
The population in Apto has grown to 15,500 residents, marking a significant increase of 3.3%. This population growth is likely contributing to the demand for housing and is a positive sign for real estate investors looking at long-term horizons.
Investment Opportunities and Potential
The consistent growth in property values combined with robust population increases underscores the attractiveness of Apto’s real estate market for investors. Houses, in particular, represent a compelling opportunity given their higher appreciation rate. Rental demand is expected to remain strong due to the increasing population, offering potential for stable rental income as well as capital appreciation.
For those considering entry into the apartment market, the slower appreciation rate should be balanced against the potential for higher yield investments. Apartments might be particularly appealing to first-time homebuyers or investors looking to cater to individuals who cannot afford higher-priced housing options.
Future Market Outlook
Looking ahead, Apto’s real estate market appears poised for continued growth. The solid trajectory of house and apartment prices suggests that investor confidence should remain optimistic. If current trends persist—namely population growth and housing demand—the local market could experience sustained appreciation.
However, potential investors should monitor economic factors that could influence these trends such as employment rates, interest rates, and local development plans. Vigilance regarding these indicators will be key in making informed investment decisions and capitalizing on Apto’s future market opportunities.
