Erinsville, 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 Erinsville, Ontario, reflects a steady growth pattern, with median house prices currently sitting at $500,000, marking a 3.5% year-over-year increase. This indicates a healthy demand for housing in the area. Similarly, the median apartment price has risen to $300,000, showing a 2.1% year-over-year growth. These statistics suggest a moderate but consistent appreciation in property values across different types of residential real estate.
The population of Erinsville stands at 15,000, experiencing a significant growth rate of 7.1%. This demographic expansion is an important driver for housing demand and contributes to the current positive market conditions. The town’s population increase could be attributed to various factors such as economic opportunities, quality of life, or regional developments that attract new residents.
Investment Opportunities and Potential
Given the steady upward trend in property values and the robust population growth, Erinsville presents attractive investment opportunities. The consistent rise in house and apartment prices suggests that investments in residential real estate are likely to yield favorable returns. Additionally, the substantial population growth rate can lead to increased rental demand, making buy-to-let properties particularly appealing for investors looking for regular income streams alongside capital appreciation.
Investors should also consider potential development projects and infrastructure improvements within the town, as these could further enhance property values over time. With careful market research and due diligence, both long-term investors and those looking for shorter-term gains can find lucrative opportunities in this burgeoning market.
Future Market Outlook
The future real estate market outlook for Erinsville appears optimistic based on current trends. Should the town maintain its population growth trajectory and continue to attract new residents through economic development or lifestyle offerings, demand for housing is likely to remain strong.
The consistent appreciation of house and apartment prices points towards a stable investment climate likely to persist in the foreseeable future. However, potential investors should remain mindful of broader economic conditions and local policy changes that could impact the market dynamics.
To summarize, while short-term fluctuations are always possible, the general trends indicate that Erinsville’s real estate market may continue to experience healthy growth rates in both property values and population numbers—making it an inviting location for real estate investment endeavors.
