Embro, 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 | $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 | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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 Embro, Ontario is experiencing a period of steady growth. As of the latest data, the median house price stands at $525,000, which represents a 4% increase year-over-year. This suggests that the market is attracting interest and that property values are on the rise. Similarly, the median apartment price has reached $320,000, with a more modest but still positive trend of a 2.5% increase year-over-year. These statistics indicate a healthy demand for housing in both sectors.
The population of Embro is currently around 15,500 residents, with a strong population growth rate of 3.3%. This growth rate is likely contributing to the increased demand for housing and could be driving the positive trends in property values.
Investment Opportunities and Potential
The ongoing upward trend in house and apartment prices suggests that Embro offers promising investment opportunities for both residential properties and rental units. The consistent increase in property values indicates a market that has not yet reached its peak, offering potential for capital gains to investors who enter the market now.
With the continuing population growth, demand for rental properties may also rise, potentially leading to higher rental yields for investors focusing on apartments or houses intended for the rental market. Investors should also consider the long-term implications of demographic trends, local economic factors, and infrastructure developments which may impact future property values and rental demand in Embro.
Future Market Outlook
The future outlook of Embro’s real estate market appears optimistic based on current trends and demographic factors. If the population continues to grow at the current rate or higher, demand for housing is likely to remain strong or even increase. This could further drive up property prices and support a robust investment environment.
In addition to demographic trends, potential investors should monitor local economic developments and any planned infrastructure projects that could enhance property values. The sustained growth in property prices indicates a stable market with potential for continued appreciation, making Embro an attractive location for both short-term investment strategies focused on flipping properties and long-term investment approaches centered on rental income.
In conclusion, careful monitoring of market conditions and an understanding of broader economic factors will be key in capitalizing on the investment opportunities Embro’s real estate market presents.
