Ariss, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| 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 | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Ariss, Ontario is currently characterized by steady growth. The median house price stands at approximately $520,000, demonstrating a 4% year-over-year increase. This growth rate indicates a healthy demand for housing in the area, likely driven by favorable local economic conditions and the attractiveness of Ariss as a residential community.
In contrast, the apartment sector shows a slightly more moderate growth trend. The median apartment price has reached $310,000, with an annual appreciation of 2.5%. This difference in growth rates between houses and apartments may suggest a varying level of demand across different housing types, or potentially reflect a more significant investment in single-family homes within the region.
The population of Ariss has grown to 15,200 residents, marking a 2.7% increase. This continued population growth is a positive indicator for the real estate market as it often correlates with increased housing demand.
Investment Opportunities and Potential
Given the steady increase in property values and consistent population growth, Ariss presents appealing investment opportunities. Single-family homes, in particular, show robust appreciation potential with the 4% year-over-year price trend indicating strong market fundamentals. Investors looking to enter the market might find long-term capital gains in this segment.
Apartments also offer investment potential but at a slightly lower growth rate. They could be particularly attractive to investors targeting rental income streams from working professionals or small families who prefer apartment living over single-family homes.
The ongoing population growth supports the notion that there will be sustained demand for housing. This demographic trend should bolster both rental and resale markets. Investors would be wise to consider factors such as neighborhood development plans, access to amenities, and transportation infrastructure when evaluating specific investment opportunities within Ariss.
Future Market Outlook
The future outlook for the Ariss real estate market remains optimistic. Factors such as low unemployment rates, infrastructural improvements, and an overall attractive quality of life in the region are expected to continue driving population growth and housing demand.
If current trends persist, we can anticipate further property value appreciation across both houses and apartments. However, potential investors and homeowners should stay informed on regional economic developments and interest rate changes which could impact borrowing costs and affordability. Additionally, monitoring changes in immigration patterns and regional policies will be crucial for accurately forecasting future market dynamics.
In conclusion, while current indicators point towards a favorable investment climate in Ariss’s real estate market, vigilance regarding macroeconomic factors and local developments will be key to making informed decisions moving forward.
