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Featherstone, 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






Featherstone, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Featherstone, Ontario is currently experiencing steady growth. With the median house price standing at $500,000 and demonstrating a year-over-year increase of 3.5%, the market is showing healthy signs of appreciation. Similarly, the median apartment price has reached $300,000, with a more modest but still positive year-over-year trend of 2.1%. These figures suggest a competitive market where property values are on the rise.

Furthermore, the town’s population has seen a noteworthy surge, expanding by 7.1% recently. This population growth can be attributed to Featherstone’s appeal to both homeowners and investors due to its potential for economic development and quality of life.

Investment Opportunities and Potential

The increasing trend in property values combined with substantial population growth indicates significant investment opportunities in Featherstone. The consistent appreciation in housing prices provides investors with confidence in the potential for capital gains. Additionally, the robust population increase signals a growing demand for housing which could lead to favorable rental yields for investment properties.

For investors looking into long-term equity growth, purchasing residential properties in this market could result in substantial returns as the local economy expands and attracts more residents. The lower entry price point for apartments compared to houses offers an accessible option for first-time investors or those looking to diversify their portfolio.

Future Market Outlook

The future outlook for Featherstone’s real estate market appears promising. Given the current upward trends in property values and strong population growth, it is reasonable to anticipate continued demand for housing which will likely sustain property price increases over time. The town’s expanding population also suggests that there will be an ongoing need for both rental and owner-occupied dwellings.

However, potential investors should stay informed about any changes in local economic policies or infrastructure developments that may affect the market dynamics. Keeping a close eye on interest rates and lending conditions is also crucial as they can have a direct impact on buyers’ purchasing power and, consequently, on property prices.