Ayr, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $515,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.8% |
Stock on market | 0.7% |
Apartment
Median price | $310,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $430,000 |
3 bedrooms | $515,000 |
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 current real estate market in Ayr, Ontario, is characterized by a steady growth in property values. With a median house price of $515,000, there has been a 3.8% year-over-year increase, which indicates a healthy demand for housing in the area. Similarly, apartments are also experiencing growth with the median price standing at $310,000 and witnessing a 2.5% year-over-year increase. This suggests a stable market that is growing at a moderate pace.
Investment Opportunities and Potential
The investment potential in Ayr’s real estate market is promising due to its consistent growth patterns. The moderate increase in property values implies that investments made today have the potential for capital gains over time. It is also worth noting that with a population of 15,500 and a growth rate of 3.3%, there is an expanding customer base which could lead to increased rental demand. This population growth can stimulate both residential and commercial real estate markets, making it an attractive location for investors looking for long-term appreciation and stable rental yields.
Future Market Outlook
Looking forward to the future market outlook of Ayr, Ontario, the trends suggest a continuation of the steady growth seen in recent years. The consistent rise in property values, combined with the growing population, signals ongoing demand for housing which should sustain the upward trajectory of real estate prices. Moreover, as more people are drawn to Ayr’s small-town charm coupled with its proximity to larger cities for employment opportunities, it is reasonable to expect that the local real estate market will remain robust and offer reliable investment opportunities.