Faircrest, 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 Faircrest, Ontario, is currently experiencing steady growth. With a median house price of $500,000 reflecting a year-over-year increase of 3.5%, the housing market indicates a stable upward trend. Similarly, the apartment sector shows resilience with a median price of $300,000 and a growth trend of 2.1% over the same period. These figures suggest that Faircrest is an active market with consistent demand for residential properties.
The population of Faircrest stands at 15,000 residents and has seen a substantial growth rate of 7.1%. This demographic expansion contributes to the rising demand for housing in the area, further supporting the observed increase in property values.
Investment Opportunities and Potential
Investment opportunities within Faircrest seem promising given the current market conditions. The sustained increase in property values coupled with significant population growth provides fertile ground for both short-term and long-term real estate investments.
The consistent appreciation in home prices presents potential for capital gains to investors focusing on residential properties. Additionally, the steady rise in apartment prices suggests that multi-family units may offer stable rental income streams and potential for value appreciation over time.
With the town’s growing population, there is also likely to be an increased need for both rental and owner-occupied housing. Investors might consider new construction projects or renovation of existing properties to cater to this expanding market segment.
Future Market Outlook
Looking forward, the Faircrest real estate market is poised for continued growth. The robust population increase is anticipated to drive ongoing demand for housing, which should sustain property value appreciation across both houses and apartments.
However, potential investors should monitor factors such as interest rates, employment trends within the region, and broader economic conditions that could influence consumer confidence and purchasing power. Careful analysis of these external elements will be crucial for accurate forecasting and risk management.
In summary, Faircrest’s real estate market bears considerable potential given its current trajectory and demographic dynamics. While vigilance regarding macroeconomic indicators remains critical, the fundamentals suggest a healthy outlook for investment in local real estate over the coming years.