Erbsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Erbsville, Ontario, is currently experiencing steady growth. With a median house price of $550,000 and an upward trend of 4.2% year-over-year, the housing segment shows healthy appreciation. Similarly, the apartment sector has demonstrated resilience with a median price of $320,000 and a growth trend of 2.5% year-over-year. This data underscores a consistent demand for residential properties in Erbsville.
The population in Erbsville has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion suggests a continued demand for housing due to the influx of new residents seeking accommodation within the community.
Investment Opportunities and Potential
Investors looking at Erbsville’s real estate market will find opportunities primarily in residential properties. Given the steady increase in property values, long-term investments could yield significant returns as the market continues to grow. The strong performance of both houses and apartments indicates potential for rental investments as well, with the possibility of capitalizing on the area’s population growth to secure stable rental income streams.
The ongoing development in the surrounding areas may also lead to an increase in property values over time, suggesting that early investments could benefit from future infrastructure improvements and commercial developments that cater to a growing population.
Future Market Outlook
Looking forward, Erbsville’s real estate market is poised for continued growth. The consistent rise in property prices aligns with broader provincial trends that have seen sustained demand for housing. The local economy’s stability and potential developments may further bolster this outlook.
With population figures trending upwards and showing no signs of slowing down, demand for housing is expected to remain strong. Investors should monitor key factors such as interest rates, employment rates, and economic policies that could influence consumer purchasing power and real estate market dynamics.
In conclusion, Erbsville presents itself as an attractive market for both homeowners and investors alike. The current data reflects a market that is not only growing steadily but also holds promising prospects for future appreciation and investment returns.
