Englehart, 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 Englehart, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing market is showing healthy and sustainable growth. This trend is slightly more pronounced than that of the apartment sector, where the median apartment price stands at $300,000, with a year-over-year increase of 2.1%. Such figures indicate that the market is more favorable for house owners in terms of capital gains.
The population of Englehart has grown to 15,000 residents, reflecting a significant growth rate of 7.1%. This increase in population suggests a rising demand for housing which may continue to support property values and could lead to tightened market conditions if supply does not keep pace.
Investment Opportunities and Potential
The consistent growth in real estate values coupled with substantial population growth positions Englehart as an attractive locale for real estate investment. The higher appreciation rate for houses compared to apartments may appeal particularly to investors looking for properties with potential for strong capital gains.
In addition, with population growth outpacing the national average, there will likely be increased demand for rental properties. Investors could take advantage of this by purchasing rental units or developing multi-family complexes to cater to new residents who are not yet ready or able to purchase homes.
Future Market Outlook
The future outlook for Englehart’s real estate market remains optimistic. The combination of steady price increases and robust population growth indicates continuing demand. Assuming no major economic disruptions occur, the market is expected to maintain its upward trajectory.
However, prospective investors and homebuyers should monitor local economic developments and any potential changes in interest rates or government policy that could affect affordability and mortgage accessibility. With careful consideration of these factors, stakeholders can make informed decisions about participating in Englehart’s real estate market.