Ashton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.8% |
| 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) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 Ashton, Ontario, is currently experiencing steady growth. The median house price stands at $520,000, which represents a 4% increase from the previous year. This suggests a healthy demand for housing in the area, making it a robust seller’s market. In comparison, the median apartment price is $310,000, with a slightly lower year-over-year growth of 2.8%. The discrepancy in growth rates between houses and apartments may be indicative of a stronger preference for detached homes or possible constraints on apartment supply.
Ashton’s population has grown to 15,500 residents, with an impressive growth rate of 3.3%. This influx of new residents is likely contributing to the increased demand for housing and the consequent rise in property prices.
Investment Opportunities and Potential
The positive trends in Ashton’s real estate market present compelling investment opportunities. The consistent increase in property values reflects the town’s potential for capital appreciation over time. For investors focused on rental properties, the strong population growth indicates a potential for stable rental income streams due to increased demand for housing.
Diversifying investment portfolios with both houses and apartments could be advantageous given the different price points and growth rates. While houses have shown higher appreciation recently, apartments provide a more accessible entry point for first-time investors or those with limited capital.
Future Market Outlook
The outlook for Ashton’s real estate market remains optimistic given current trends and data. The steady population increase suggests that demand for housing will continue to support property values. If the town maintains its current economic trajectory and continues to attract new residents, both property appreciation and rental markets should remain buoyant.
An important factor to watch will be Ashton’s economic development initiatives that could further bolster job creation and retention. Investments in infrastructure or commercial developments can also positively influence residential real estate markets by making Ashton more attractive for both living and working.
In conclusion, while past performance is not always indicative of future results, current indicators suggest that Ashton’s real estate market has solid fundamentals that are expected to sustain its growth trajectory over the near term.
