Egypt, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 real estate market in Egypt, Ontario, is currently exhibiting a steady pace of growth, as evidenced by the moderate increase in property values. The median house price stands at $520,000, with a year-over-year trend showing an appreciation of 2.8%. This increment suggests a healthy demand for single-family homes in the area. Additionally, the median apartment price is $310,000, with a gentler upward trend of 1.9% year-over-year. Both housing segments are aligning with broader regional trends that favor sustainable and manageable growth rates.
Investment Opportunities and Potential
The investment landscape in Egypt, Ontario is quite promising given the solid market fundamentals. With the population increasing at a rate of 3.3%, there is a growing demand for housing which can lead to potential rental yield opportunities for investors, particularly in the apartment sector. The current growth rate suggests that demand will continue to rise, potentially leading to tighter market conditions and possibly higher returns on investment over time. Moreover, the steady increase in property values indicates that investments made now could appreciate over the coming years.
Future Market Outlook
Looking ahead, the future market outlook for Egypt, Ontario remains optimistic. Population growth of 3.3%, well above national averages, implies an ongoing influx of residents which will drive demand for housing. This demographic trend is likely to sustain the real estate market’s momentum. Assuming consistent economic conditions and no major policy shifts affecting home ownership or rental markets, investors and homeowners can anticipate continued modest appreciation in property values. However, prospective buyers and investors should monitor interest rates and employment figures closely as these factors will also play crucial roles in shaping market dynamics.
