Egbert, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Egbert, Ontario is currently characterized by steady growth. With a median house price of $515,000, the market has experienced a 4.2% year-over-year increase. This suggests a healthy demand for housing in the area. Similarly, the apartment sector is also seeing positive movement with a median price of $320,000, reflecting a 2.5% year-over-year uptick. These trends indicate that Egbert’s real estate market is on an upward trajectory.
The population of Egbert stands at 15,500 residents and has been growing at a rate of 3.3%, which may be contributing to the rising housing demand. The combination of population growth and increasing property values points to a robust and expanding market.
Investment Opportunities and Potential
The current market conditions in Egbert signal promising investment opportunities. The consistent rise in property values presents potential for capital gains over time. Investors looking to enter the housing market can consider single-family homes, which are currently leading the growth trend.
In addition, apartments offer an alternative investment opportunity with a slightly lower entry point at a median price of $320,000 and are also appreciating, albeit at a slower rate than houses. Rental properties may provide stable income given the population growth, which could translate into sustained demand for rental units.
Developers can also find opportunities in new construction projects to accommodate the growing population. Both residential and mixed-use developments could meet current and future demand for housing and services in Egbert.
Future Market Outlook
The future real estate market outlook for Egbert remains optimistic based on current trends and demographic data. Should the population continue to grow at or above the current rate of 3.3%, demand for housing is likely to remain high.
Moreover, if economic conditions remain favorable and interest rates stay within reasonable levels, Egbert’s real estate market could maintain its current trajectory or even experience an acceleration in growth rates. Investors should monitor local economic developments as well as national trends that could influence buyer confidence and mortgage rates.
Potential risks include economic downturns or policy changes that affect borrowing costs; however, long-term investment strategies may mitigate these risks due to the overall positive trend observed in recent years.
