Embrun, 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
As of the current assessment, Embrun’s real estate market is experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, apartments are becoming more valuable, with a median price of $300,000 and a 2.1% rise over the previous year. This growth is underpinned by Embrun’s increasing population, which has surged by 7.1% to 15,000 residents. Such demographic changes suggest a robust demand for housing that is likely to persist.
Investment Opportunities and Potential
Investors considering Embrun’s real estate market can expect a favorable environment due to consistent price appreciation and demographic growth. Single-family homes represent a stable investment with their solid year-over-year price increase. Apartments offer an attractive entry point for investors at $300,000 and demonstrate potential for rental income growth in line with their appreciating value.
Additionally, given the population growth rate of 7.1%, there is a clear indication that demand for housing will continue to escalate. This trend may drive further developments and encourage infrastructure improvements, potentially increasing property values over time.
Future Market Outlook
The future outlook for Embrun’s real estate market remains optimistic due to several key indicators. The consistent rise in property values indicates a market that has not yet reached its saturation point. Coupled with substantial population growth, Embrun’s housing demand appears poised for continued expansion.
Assuming current trends hold, investors can look forward to sustained appreciation in property values. It is also plausible that the rental market will strengthen as the population increases, suggesting good prospects for those investing in income properties.
Careful monitoring of any shifts in economic indicators or local policies will be crucial in maintaining an up-to-date understanding of the market’s trajectory. However, based on the current data, Embrun represents a promising locale for both residential property buyers and real estate investors seeking long-term returns.