Arva, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Arva, Ontario, the real estate market is currently experiencing a period of growth. The median house price stands at $505,000, with a year-over-year increase of 4%. This indicates a steady upward trend in housing prices, suggesting that the market is healthy and growing moderately. Meanwhile, apartments are slightly more affordable with a median price of $310,000 and have seen a modest appreciation of 2.5% over the past year.
The population of Arva is approximately 15,300 and has been growing at a rate of 2% annually. This consistent population growth contributes to the demand for housing, supporting the market’s overall stability and expansion.
Investment Opportunities and Potential
The current trends in Arva’s real estate market point towards promising investment opportunities. The steady increase in house prices suggests that purchasing residential property could yield solid returns over time. Investors looking for long-term capital gains might find single-family homes particularly appealing given their higher appreciation rate compared to apartments.
Apartments also present an attractive investment opportunity due to their lower entry price point and the growing interest in smaller, more affordable living spaces. As such, investors might consider targeting this segment for rental income purposes or to cater to first-time homebuyers or downsizers.
Future Market Outlook
The future outlook for Arva’s real estate market appears optimistic. Given the area’s population growth and economic stability, demand for housing is likely to remain strong. If current trends persist, both house and apartment prices are expected to continue their gradual ascent.
However, potential investors should also be aware of external factors such as changes in interest rates, government housing policies, and broader economic conditions that could impact the market’s performance. Nonetheless, with careful analysis and strategic decision-making, Arva’s real estate market presents an attractive landscape for both current and future investments.
