Argyle, 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 Argyle, Ontario, is currently experiencing a steady growth in property values. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market demonstrates resilience and consistent value gain over time. Similarly, apartments in the area are also seeing an appreciation, with a median price of $300,000 and a year-over-year increase of 2.1%. This suggests a healthy demand for various types of housing within the community.
Argyle’s population has reached 15,000 residents, with a robust growth rate of 7.1%. This significant increase in population suggests an inflow of new residents which could be contributing to the sustained demand for housing and the consequent rise in property values. The current trends indicate that both residential properties and apartments are solid investments given their steady appreciation rates.
Investment Opportunities and Potential
Given the ongoing market conditions, Argyle represents an appealing destination for real estate investors. The sustained increase in property values coupled with the town’s population growth points towards a continuing demand for housing. Investors have the opportunity to capitalize on this trend by investing in residential properties which are likely to appreciate further.
Apartments present a particularly attractive investment opportunity due to their lower entry price point of $300,000 and stable growth rate. They offer potential for rental income as well as capital gains from future price appreciation. Moreover, as new residents continue to move into Argyle, there will be an increased need for rental properties which can provide investors with consistent cash flow.
Future Market Outlook
The future market outlook for Argyle’s real estate remains positive. The town’s strong population growth is expected to persist as more people seek residence outside of major urban centers while still desiring access to urban amenities. This demographic trend is likely to bolster housing demand further and may lead to greater increases in property values over time.
In addition to demographic drivers, economic factors such as employment opportunities and infrastructure development could also positively impact the real estate market. Should these factors align favorably, Argyle could experience an even higher rate of growth in its real estate sector than currently forecasted.
In summary, Argyle offers a dynamic and promising market for real estate investments with positive trends indicating continued growth. Investors should monitor key indicators such as population trends and local economic developments closely to make informed decisions about entering or expanding their presence in this market.
