Fergus, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.2% |
Stock on market | 0.7% |
Apartment
Median price | $315,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Fergus, Ontario, the real estate market has displayed a steady growth pattern in recent times. The median house price currently stands at $525,000, which represents a 4.2% increase on a year-over-year basis. This indicates a sustainable level of appreciation, reflecting both the desirability of the area and the general health of the market. On the other hand, apartments in Fergus have seen a more modest increase in value with a current median price of $315,000 and a year-over-year trend of 2.5% growth.
The local population has grown to 15,500 residents, showcasing a robust upward trend with a 3.3% growth rate. This demographic expansion is crucial as it speaks to an increasing demand for housing in the region. The combination of stable price increases and population growth suggests that Fergus’s real estate market is balanced but with latent potential for further development.
Investment Opportunities and Potential
The consistent rise in property values coupled with sound population growth presents meaningful investment opportunities within Fergus’s real estate sector. For investors considering long-term capital gains, the single-family housing market is particularly promising given its 4.2% annual appreciation rate.
Furthermore, the apartment sector could appeal to investors looking for more affordable entry points into the market or those interested in rental income properties. With an annual appreciation rate of 2.5%, this segment offers a more gradual but steady equity growth trajectory.
As the population continues to grow and diversify, there will likely be increased demand for various types of housing units including townhouses, condominiums, and detached homes—potentially leading to diverse investment opportunities across different market segments.
Future Market Outlook
Looking ahead, the future market outlook for Fergus is cautiously optimistic. Anticipated continued population growth is expected to drive demand for housing further. If economic conditions remain stable and if interest rates do not rise significantly enough to dampen borrowing power excessively, we can expect a continued gradual upward trend in property values.
However, it’s important for investors to monitor external economic factors such as employment rates in nearby regions, infrastructure developments that may enhance connectivity and accessibility to Fergus, and any changes in government housing policies that might affect buyer sentiment.
In conclusion, while current trends point towards a positive outlook for Fergus’s real estate market over the medium term, prudent investors should keep abreast of local and national economic indicators to make well-informed decisions.