Egypt, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Egypt, Ontario is currently experiencing moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a steady upward trend in the housing market, reflecting healthy demand and a robust local economy. Similarly, apartments are also seeing price growth, although at a slightly more modest rate of 2.1% year-over-year, bringing the median apartment price to $300,000.
The population of Egypt has increased by 7.1%, indicating an influx of new residents and potential homebuyers. This growth can contribute to the demand for housing and could potentially lead to accelerated price increases if supply does not keep up with demand.
Investment Opportunities and Potential
Given the current trends, Egypt presents several opportunities for real estate investors. The consistent growth in house prices suggests that investments in residential properties could yield profitable returns over time. Furthermore, the increasing population may drive demand for rental properties, benefiting investors in the apartment market.
With median prices still accessible compared to larger urban centers, first-time buyers or those seeking investment properties may find Egypt an attractive option. Investors should also consider the potential for development projects to cater to the growing population, which could include new residential communities or mixed-use developments.
Future Market Outlook
The future market outlook for Egypt, Ontario appears cautiously optimistic. Assuming the current trends persist—moderate price growth and steady population increases—the market is likely to remain stable with potential for continued growth.
The key factor affecting future outlook will be the balance between housing supply and demand. Should the area experience continued or increased population growth without corresponding increases in new housing developments, prices may rise more sharply. Conversely, significant new construction could temper price increases while providing ample opportunities for buyers and investors alike.
Monitoring economic factors such as employment rates and interest rates will also be essential in predicting future market fluctuations. Overall, stakeholders should remain attentive to both local developments and broader economic indicators when making real estate decisions in Egypt.
