Ennismore, 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 Ennismore, Ontario, is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the residential property market demonstrates stability and resilience. The apartment sector is also showing positive momentum, albeit at a slightly more modest pace, with a median price of $300,000 and an annual growth rate of 2.1%. This steady appreciation in property values reflects sustained demand in the region.
The population of Ennismore stands at 15,000 and has seen a significant population growth rate of 7.1%. This demographic trend is a key driver for housing demand and contributes to the underlying strength of the local real estate market. The influx of new residents tends to support both rental and owner-occupied housing markets.
Investment Opportunities and Potential
Investors considering the Ennismore real estate market can find opportunities across both the house and apartment sectors. The consistent growth in property values suggests that investments in residential real estate hold potential for capital gains over time. Given the robust population growth, rental properties may also offer attractive returns due to potential rental demand.
In addition to traditional residential properties, there may be opportunities in developing or investing in housing tailored to specific segments of the growing population, such as retirees or young professionals. Investors should also consider the potential benefits of leveraging local market knowledge to identify undervalued properties or emerging neighborhoods within Ennismore.
Future Market Outlook
The future outlook for Ennismore’s real estate market appears optimistic. Assuming the current trends continue, driven by population growth and economic stability, the market is likely to see sustained demand for housing. This should support ongoing appreciation in property values and maintain investor confidence.
However, it is crucial for investors to monitor factors such as interest rates, employment levels, and regional economic development initiatives that may impact market dynamics. Proactive engagement with local planning commissions and staying informed about infrastructure projects can provide insights into areas poised for growth or change.
In summary, Ennismore’s real estate market shows promise for both short-term stability and long-term growth potential. By remaining data-focused and responsive to evolving trends, investors can make informed decisions to capitalize on opportunities within this vibrant community.
