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 (2024) | 15,000 |
| Previous Population (2019) | 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 Embrun, Ontario is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market exhibits healthy appreciation rates indicative of robust demand. Similarly, the median apartment price stands at $300,000, having risen by 2.1% over the past year. These metrics suggest a balanced market that is attractive to both homeowners and investors alike.
The population in Embrun has grown by an impressive 7.1%, signaling a burgeoning community that may spur additional demand for housing in the near future. The combination of population growth and consistent property value increases points to sustained market activity and a competitive environment for potential buyers.
Investment Opportunities and Potential
Given the current trajectory of property values, Embrun offers promising investment opportunities for those looking to enter the real estate market. The steady growth in median house prices suggests that investments in single-family homes could yield solid returns over time. Moreover, the apartment sector presents a more accessible entry point for investors with its lower median price of $300,000 while still maintaining a positive growth trend.
The robust population increase also indicates potential for rental property investments as more individuals and families seek residences in Embrun. Investors might consider both long-term rental strategies or exploring short-term rental markets if local regulations permit. Additionally, new developments tailored to meet growing housing demands could represent significant investment opportunities.
Future Market Outlook
The future outlook for Embrun’s real estate market remains optimistic based on current trends and demographic projections. As the population continues to expand, demand for housing is likely to sustain or even increase, potentially pushing property values higher over time. The consistent upward trend in house and apartment prices over the past year lays a solid foundation for anticipating continued growth.
Investors and homebuyers should monitor infrastructure developments and economic factors within Embrun as these elements will play a critical role in shaping the local real estate landscape moving forward. Careful analysis of future zoning changes, employment rates, and regional economic policies will be essential for making informed decisions in this active market.
In conclusion, Embrun’s real estate market demonstrates significant potential for both owner-occupiers and investors, supported by positive growth indicators and demographic trends. Stakeholders should remain vigilant to capitalize on opportunities as they arise while considering long-term implications of broader economic conditions.
