Edwardsburghcardinal, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
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 | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $470,000 |
Demographics
Current Population (2025) | 15,050 |
Previous Population (2020) | 14,800 |
Population Change | 1.7% |
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 Edwardsburgh/Cardinal, Ontario is currently experiencing steady growth. With a median house price of $525,000 and an upward trend of 4% year-over-year, the market demonstrates healthy appreciation rates for residential properties. Apartments are also showing a positive trajectory with a median price of $310,000 and an annual price increase of 2.5%. These trends suggest a robust demand for housing in the area.
The population growth of 1.7% is indicative of the region’s attractiveness and potential for further economic development. This growth can contribute to sustained demand in the housing market as new residents seek accommodation, potentially driving prices upwards over time.
Investment Opportunities and Potential
Investors considering Edwardsburgh/Cardinal will find the current conditions favorable. The continuous rise in property values at moderate rates implies that investments in residential real estate could yield profitable returns without the volatility seen in more fluctuating markets. The steady population increase further supports the potential for rental property investments, as there will likely be an ongoing need for rental accommodations.
Given the current trends, investing in single-family homes could be particularly promising due to their higher appreciation rate compared to apartments. However, apartments offer a more accessible entry point into the market and may be suited for investors looking for a lower initial investment and maintenance responsibilities.
Future Market Outlook
The future outlook for Edwardsburgh/Cardinal’s real estate market remains optimistic. Factors such as population growth and consistent housing demand suggest that the area will continue to thrive economically, which bodes well for property values. Provided that these trends persist, the market should maintain its course of steady growth.
As more people are drawn to Edwardsburgh/Cardinal due to its affordable housing options compared to larger metropolitan areas, it is reasonable to anticipate that both the resale and rental markets will remain dynamic. Investors and homebuyers alike can expect a stable market environment with potential for long-term capital gains and rental income stability.