Ashburn, 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 Ashburn, Ontario is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates resilience and consistent appreciation, which is promising for homeowners and investors alike. The apartment sector shows a slightly more modest growth trend with a median price of $300,000 and an annual appreciation of 2.1%. This data suggests that while houses are in higher demand, apartments remain an attractive option for certain segments of the population.
The population of Ashburn stands at 15,000 with a robust growth rate of 7.1%. This influx of residents is likely contributing to the healthy real estate market as demand for housing increases with the population. As such, both the rental and sales markets are poised to benefit from this demographic trend.
Investment Opportunities and Potential
The current growth patterns in Ashburn present various investment opportunities. The consistent increase in median house prices indicates a stable environment for long-term residential investments. Investors may consider purchasing single-family homes or developing new residential projects to cater to the growing population.
With apartments experiencing a slower yet steady price increase, they represent an opportunity for investors looking for more affordable entry points into the real estate market or those interested in catering to individuals who might favor renting over buying. The rental market could see increased demand due to population growth and changing demographics, potentially resulting in higher rental yields.
Given these statistics, strategic investments focused on areas with predicted high demand could result in substantial capital gains as well as strong rental income streams.
Future Market Outlook
The future outlook for Ashburn’s real estate market appears positive. The continuous population growth will likely maintain upward pressure on both property prices and rental rates. Assuming the local economy remains stable or improves, we can expect the real estate market to mirror this positive trajectory.
However, investors should also be mindful of broader economic factors that could impact interest rates and lending conditions, which in turn affect affordability and demand within the real estate market. It is advisable for investors to stay informed about local development plans and infrastructure improvements which may further influence property values.
In conclusion, Ashburn’s real estate market shows promising signs for ongoing growth and represents an attractive opportunity for both residential property buyers and real estate investors looking to capitalize on its potential.
