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, currently presents a stable growth environment, as indicated by the year-over-year increase in property values. The median house price stands at $500,000, marking a 3.5% increase from the previous year. This trend suggests a healthy demand for single-family homes in the area. On the other hand, apartments are slightly more modest in price appreciation with a median price of $300,000 and a 2.1% year-over-year price trend.
The population of Ardoch has been on an upward trajectory with a significant 7.1% growth rate. This demographic expansion is likely contributing to the steady appreciation of real estate prices due to increased demand for housing.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Ardoch appear promising, especially in the residential sector. Investors can capitalize on the steady home price appreciation by acquiring properties that are likely to continue increasing in value. The higher percentage increase in house prices compared to apartments indicates that single-family homes may offer better capital gains potential over time.
Additionally, the robust population growth opens up possibilities for rental investments as new residents may initially seek rental accommodations before purchasing homes. Investing in apartments or developing multi-family units could meet this emerging demand and provide investors with sustained rental income streams.
Future Market Outlook
The future outlook for Ardoch’s real estate market remains optimistic based on current trends and demographic indicators. If the population continues to grow at its current pace or even accelerates, housing demands will likely rise further, potentially driving up property prices and ensuring long-term investment returns.
However, investors should also consider external factors such as economic conditions, interest rates, and regional developments that could impact market dynamics. Maintaining vigilance for shifts in these areas will be crucial for making informed investment decisions moving forward.
In summary, Ardoch’s real estate market demonstrates stability and growth potential that should continue to attract both homeowners and investors looking for appreciating assets and lucrative investment opportunities.
