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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





Ayr, Ontario Real Estate 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.