Argyle, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $630,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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
As of the latest data, the real estate market in Argyle, Ontario exhibits steady growth. The median house price stands at $520,000, marking a 4% increase year-over-year. This consistent uptick suggests a healthy demand for housing in the area. Similarly, apartments are also appreciating, albeit at a slightly lower rate of 2.5% annually, with a current median price of $310,000. The population of Argyle has reached 15,500 and is growing at a rate of 3.33% per year. This demographic expansion is contributing to the ongoing demand for residential properties.
Investment Opportunities and Potential
The positive trajectory in property values indicates that Argyle offers promising investment opportunities. With houses experiencing a higher appreciation rate compared to apartments, investors might find single-family homes to be more lucrative in the short to medium term. Nonetheless, the strong and steady growth in apartment prices should not be overlooked, especially given their lower entry price point which could appeal to first-time investors or those with limited capital. The increasing population could also signal potential for rental investments as newcomers may initially seek rental accommodation before purchasing property.
Future Market Outlook
The future market outlook for Argyle remains optimistic based on current trends and underlying factors. Should the population continue to grow at or above the current rate of 3.33%, demand for housing will likely persist, potentially driving further increases in property values over time. However, investors and homebuyers should monitor local economic conditions and broader national trends that could impact interest rates and borrowing costs. The continued balance between supply and demand will be critical in sustaining the health of Argyle’s real estate market.
