Ardbeg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 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 (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
In Ardbeg, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $520,000, which indicates a year-over-year increase of 4.2%. This gradual appreciation suggests a stable market that is maintaining its value over time. Concurrently, apartments in Ardbeg are also showing positive trends with a median price of $310,000 and a slower but consistent year-over-year growth rate of 2.5%. This demonstrates an expanding market appeal for diverse housing options.
The local population has reached approximately 15,500 people, with a robust growth rate of 3.3%. This demographic trend underscores a burgeoning community that is likely to stimulate further demand for housing. With more individuals and families moving to Ardbeg, this could translate into sustained or increased real estate activity in the near future.
Investment Opportunities and Potential
Given the consistent rise in property values and a growing population, Ardbeg presents attractive investment opportunities for both residential property investors and developers. The positive momentum in house prices may appeal to long-term investors seeking capital appreciation. Meanwhile, the demand for rental properties is likely to increase in parallel with the population growth, potentially offering lucrative returns for landlords and real estate investment trusts (REITs).
The apartment market’s lower entry price point at $310,000 coupled with a steady price trend provides an accessible investment opportunity for those looking to enter the real estate market or diversify their portfolios. Additionally, new development projects aimed at meeting the housing needs of the increasing population could benefit from local support and sustained demand.
Future Market Outlook
Looking ahead, the Ardbeg real estate market exhibits promising signs for continued growth. The sustained rise in property values reflects a healthy market that is likely to persist as long as the local economy remains stable and supportive of job growth. The current population trend suggests that Ardbeg will continue to attract residents seeking quality living outside of larger urban centers.
As infrastructure expands and the community develops further amenities to accommodate its growing population, we can anticipate ongoing interest from both homebuyers and investors alike. Should these trends maintain their course, Ardbeg’s real estate market may well see prolonged prosperity and offer appealing prospects for stakeholders across the spectrum of real estate activities.
