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Fergus, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $525,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.7%

Apartment

Median price $320,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $450,000
3 bedrooms $525,000
4 bedrooms $675,000

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






Fergus, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Fergus, Ontario currently reflects steady growth. With a median house price of $525,000 and a year-over-year increase of 4%, the market shows resilience and upward movement. Similarly, apartments are also experiencing growth, albeit at a slightly lower rate of 2.5% year-over-year, with a median price of $320,000. This differential suggests that houses are in higher demand relative to apartments, which may indicate a preference for more spacious living accommodations among homebuyers in the region.

Fergus’s population has reached approximately 15,500 residents and is expanding at a rate of 3.3%. This population growth is supportive of real estate demand and could be contributing to the stable price appreciation observed in the housing market.

Investment Opportunities and Potential

The current market conditions suggest that Fergus offers promising investment opportunities for both residential properties and rental units. The consistent increase in median house prices indicates a healthy demand for single-family homes, which could be advantageous for investors looking for long-term capital gains.

As for apartments, with prices growing at 2.5% per year, investors might find potential in the rental market, especially considering the ongoing population growth that could drive demand for more affordable, high-density living options.

Given the upward trends and demographic expansion, investors should assess local developments, zoning changes, and infrastructure improvements that can offer insights into future hotspots within Fergus’s real estate landscape.

Future Market Outlook

Looking forward to the future market outlook in Fergus, the sustained population growth combined with moderate price increases suggests a stable and potentially flourishing real estate environment. If current trends persist—supported by economic stability and further community development—Fergus’s real estate market is poised to maintain its momentum.

However, investors and potential homebuyers should remain vigilant about broader economic factors such as interest rates changes, employment rates within the region, and provincial or federal housing policies that could impact market dynamics.

In conclusion, while current indicators point towards a positive trajectory for Fergus’s housing market, stakeholders must continue to monitor local and national economic signals to make informed decisions about their real estate investments.