Ennismore, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 in Ennismore, Ontario
The real estate market in Ennismore, Ontario is currently characterized by a steady increase in property values. The median house price stands at $520,000, demonstrating a year-over-year growth of 3.8%. This consistent upswing indicates a healthy demand for residential properties and a robust housing market. Apartments are also following a similar upward trajectory with the median price at $310,000, and experiencing a slightly lower year-over-year appreciation rate of 2.5%. This suggests that while the apartment market is growing, it is doing so at a more subdued pace compared to houses.
Ennismore’s population has reached approximately 15,500 residents, with a notable growth rate of 3.3%. This demographic expansion is contributing to the increasing demand for housing in the area, further underpinning the current market trends.
Investment Opportunities and Potential in Ennismore
The continuous rise in property values presents attractive investment opportunities in Ennismore’s real estate market. For investors looking at long-term capital gains, purchasing residential properties could be a strategic move considering the steady growth in median house prices. While apartments offer a smaller margin of appreciation, they may provide more accessible entry points into the real estate market for first-time investors or those with limited capital.
The ongoing population increase suggests that rental properties could also offer stable income potential as more people seek accommodation within the region. Investors may benefit from acquiring properties to cater to this rising demand, potentially leading to favorable rental yields and occupancy rates.
Future Market Outlook for Ennismore Real Estate
The future outlook for Ennismore’s real estate market appears positive. With continued population growth projected at an impressive rate of 3.3%, it is expected that the demand for housing will remain strong. This demographic trend should sustain the current momentum in both the house and apartment markets.
The current year-over-year increases in property values are anticipated to persist as well, although fluctuations may occur based on broader economic factors and local developments. Prospective investors and homebuyers can be cautiously optimistic about the potential for ongoing appreciation in property values over the coming years.
In conclusion, Ennismore’s real estate market shows significant promise for both existing homeowners looking to capitalize on rising property values and new investors seeking opportunities in a growing community.
