Ashton, 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 Ashton, Ontario is currently experiencing steady growth. The median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This indicates a stable upward trend in property values for the region’s housing market. Similarly, the median apartment price is at $300,000, with a slightly more modest growth rate of 2.1% year-over-year.
Ashton’s population has grown by 7.1%, which suggests a healthy demand for housing due to an influx of residents. This demographic expansion can be attributed to factors such as employment opportunities, the appeal of a suburban lifestyle, and Ashton’s proximity to larger urban centers.
Investment Opportunities and Potential
The positive trajectory of home prices coupled with significant population growth positions Ashton as an attractive locale for real estate investment. The consistent rise in property values provides investors with confidence in the potential for capital gains.
Given the current trends, investing in residential properties could be particularly promising. Single-family homes at the median price point are likely to appeal to new families and professionals moving to the area, offering investors stable rental income streams and long-term asset appreciation.
Apartments present a slightly different opportunity with a lower entry price point and smaller year-over-year price increases. Investors looking for lower initial investment while still tapping into Ashton’s growing rental market might consider this segment. The ongoing population growth supports the demand for rental properties, which may lead to increased rental yields over time.
Future Market Outlook
The future outlook for Ashton’s real estate market appears optimistic based on current data. If the town maintains its population growth rate and continues to attract residents through its local economic development initiatives, demand for housing is expected to remain robust.
The sustained increase in home values suggests that Ashton’s market is not experiencing volatile swings, but rather organic growth supported by genuine demand. This bodes well for both short-term stability and long-term investment potential.
In light of these indicators, potential investors should monitor local economic developments and infrastructure projects that could further enhance property values. Additionally, keeping an eye on national economic trends that could influence mortgage rates will be crucial for making informed investment decisions in Ashton’s real estate market.