Emo, 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 Emo, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market is showing healthy upward momentum. Similarly, apartments are becoming more valuable with a median price of $300,000 and a growth rate of 2.1% year-over-year. This gradual appreciation indicates a stable investment environment.
The population of Emo has grown to 15,000 residents, marking a significant increase of 7.1%. This surge in the population is likely contributing to the demand for housing, putting upward pressure on property values. The current trends suggest that the market is balanced but leaning towards a seller’s advantage due to the rising demand driven by population growth.
Investment Opportunities and Potential
Given the steady price appreciation in both houses and apartments, Emo presents promising opportunities for real estate investors. The consistent increase in property values indicates a robust investment potential for those looking to either buy and hold or engage in short-term property flipping.
The notable population growth further underscores the potential for rental investments as more people may be seeking housing options within the area. Investors could capitalize on this by purchasing residential properties to meet the growing rental demand, potentially leading to favorable rental yields and long-term capital gains.
Future Market Outlook
The future outlook for Emo’s real estate market appears positive. Assuming the continuation of current economic conditions and population trends, it is reasonable to expect ongoing growth in property values. The year-over-year increases in house and apartment prices signal sustained investor confidence and public interest in local real estate.
Moreover, if the population continues to grow at or near its current rate, housing demand should remain strong. This demographic factor could lead to further tightening of the market, possibly resulting in accelerated price growth for both houses and apartments. However, investors should also be mindful of broader economic indicators and regional developments that could impact this forecast.
