Ardoch, 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
The real estate market in Ardoch, Ontario, is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates resilience and a positive trend for homeowners. Similarly, the apartment sector is showing a healthy upward trend with a median price of $300,000 and an annual growth rate of 2.1%. This consistent growth can be partially attributed to the significant population increase of 7.1%, which reflects the area’s growing attractiveness and demand for housing.
Investment Opportunities and Potential
For investors considering Ardoch’s real estate market, there are promising opportunities, particularly in the residential sector. Given the steady rise in property values coupled with the robust population growth, investing in both houses and apartments could yield substantial returns over time. The solid year-over-year price increases indicate a stable investment environment with potential for capital appreciation. Additionally, demographic trends suggest that rental properties may also be a viable investment as new residents seek accommodation in this expanding market.
Future Market Outlook
Looking ahead, the future market outlook for Ardoch appears optimistic. The combination of consistent property value appreciation and significant population growth suggests that demand for housing will continue to drive the market forward. If these trends persist, we can anticipate ongoing growth in property values at a measured pace. However, potential investors and homeowners should also remain vigilant to changes in economic conditions that may impact interest rates, affordability, and overall market sentiment.
