Edwardsburghcardinal, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,400 |
| Population Change | 4.2% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Edwardsburghcardinal, Ontario
The real estate market in Edwardsburghcardinal, Ontario, is currently experiencing steady growth. With a median house price of $485,000 and an upward year-over-year trend of 3.2%, the market demonstrates resilience and moderate appreciation. Similarly, the median apartment price stands at $295,000 with a slightly lower growth rate of 2% year-over-year. These trends suggest a balanced and healthy real estate environment within the area.
Edwardsburghcardinal’s population has recently seen a significant increase, growing by 4.2%. This demographic shift suggests an expanding local economy and can be indicative of a rising demand for housing. The influx of residents may contribute to a more dynamic real estate market with potential pressures on both availability and pricing in the future.
Investment Opportunities and Potential in Edwardsburghcardinal
Given the steady growth in property values and the significant population increase, Edwardsburghcardinal represents an attractive location for real estate investment. The positive trend in house prices indicates an opportunity for capital gains, particularly for those willing to hold onto properties over the medium to long term.
Apartments present a compelling investment case as well, with their lower median price point of $295,000, making them accessible to investors with varied budgets. The consistent growth in apartment values also offers potential for rental income growth over time.
Furthermore, as the population continues to expand, there may be increased demand for rental properties. Investors could benefit from this demographic trend by acquiring rental units to cater to new residents who may not yet be ready or able to purchase homes.
Future Market Outlook for Edwardsburghcardinal Real Estate
The future outlook for Edwardsburghcardinal’s real estate market remains optimistic. Continued population growth could further propel demand for housing and potentially lead to faster appreciation rates across different property types. This demographic momentum combined with current growth trends supports the notion that Edwardsburghcardinal will maintain its course as a growing market with appealing opportunities for homeownership and investment alike.
In conclusion, Edwardsburghcardinal’s real estate market is characterized by stable growth and expanding demographics. With thoughtful analysis and strategic positioning, investors stand to gain from both property value appreciation and potential rental income in this promising Ontario community.
