Artemesia, 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
1. Current Market Conditions and Trends
The real estate market in Artemesia, 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 moderate appreciation which is reflective of healthy demand and a balanced supply. Similarly, the median apartment price stands at $300,000, with a more modest growth trend of 2.1% over the past year.
This growth is supported by a robust population increase of 7.1%, which is significantly higher than the national average, suggesting that Artemesia is an attractive location for individuals and families looking for residential opportunities. The influx of new residents has likely contributed to the sustained property value increases.
2. Investment Opportunities and Potential
Investment potential in Artemesia’s real estate market appears promising given its positive growth indicators. For investors targeting long-term capital gains, purchasing single-family homes could be particularly advantageous given their higher year-over-year price increase compared to apartments.
Additionally, the strong population growth signals ongoing rental demand which may interest investors looking to enter or expand within the rental market. The current trends suggest that rental properties, especially apartments due to their lower entry price point, could provide stable income streams and favourable yields for investors.
3. Future Market Outlook
Looking ahead, Artemesia’s real estate market seems positioned for continued growth as both the local economy and residential community expand. Assuming consistent economic conditions and population trends persisting, we can forecast further gradual increases in property values over the near to mid-term horizon.
It is important to note that while current trends are positive, potential investors should also consider broader economic factors such as interest rates, employment rates, and government housing policies which can influence market dynamics.
