Ettyville, 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 Ettyville, Ontario, currently presents a stable environment with modest year-over-year growth. The median house price stands at $500,000, marking a 3.5% increase from the previous year. This suggests that the housing market retains its value and experiences steady appreciation. Concurrently, apartments in Ettyville have seen a slightly lower growth rate of 2.1% year-over-year with a median price of $300,000. This difference indicates that houses are potentially in higher demand than apartments or may offer features that command a premium.
The town’s population has recently grown to 15,000 residents, reflecting a significant increase of 7.1%. This growth may be fueling housing demand and contributing to the positive price trends observed in the local real estate market.
Investment Opportunities and Potential
Investors considering opportunities in Ettyville should note the consistent growth patterns in both housing and apartment markets. The solid growth rate of 3.5% for houses could suggest that single-family homes represent a reliable asset class for medium to long-term investments. With the ongoing population expansion, there is potential for rental properties to yield attractive returns as more people seek accommodation in the town.
Apartments, while experiencing slower growth at 2.1%, may still offer investment potential particularly for those looking to enter the market at a lower price point or cater to individuals and smaller households who might prefer apartment living.
An important factor for investors is the town’s infrastructure development and economic prospects which can further drive property values and rental demand upwards.
Future Market Outlook
The future real estate market outlook for Ettyville appears cautiously optimistic based on current trends. Assuming continued population growth and economic stability in the region, demand for housing is likely to remain strong which should support further price appreciation.
The steady rise in house prices suggests confidence in the local real estate market’s resilience and long-term value retention. If this trend persists alongside population growth, it is reasonable to expect that both housing and apartment markets will continue experiencing positive momentum.
In conclusion, investors should monitor key indicators such as employment rates, new construction developments, and changes in local policies that could influence future market conditions. By staying informed on these factors, stakeholders can make well-educated decisions within the Ettyville real estate landscape.
