Fernleigh, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Fernleigh, Ontario, is characterized by steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for housing that is driving up prices at a moderate pace. Similarly, the median apartment price stands at $320,000, with a slightly lower year-over-year growth rate of 3%. This difference in growth rates suggests that houses are currently more sought after than apartments, though both types of property are appreciating in value.
The population of Fernleigh has reached 15,500 and is continuing to rise with a growth rate of 3.3%. The influx of residents may be contributing to the demand for housing and can be seen as a driver for the positive trends in the real estate market.
Investment Opportunities and Potential
The consistent growth in property values presents several investment opportunities in Fernleigh. Investors looking to capitalize on the rising house prices may consider purchasing single-family homes or developing new residential projects to meet the growing demand fueled by the increasing population. With an upward trend of 4.2% for house prices, these investments could yield substantial returns over time.
Apartment buildings and units could also be promising investments given their 3% annual appreciation rate. Given that they are appreciating at a slightly slower pace than houses, investors might find better initial value deals on apartments with potential for long-term gains.
Moreover, as the population continues to expand, there will likely be opportunities for investment in commercial real estate to provide services to new and existing residents. This could include retail spaces, office buildings, or mixed-use developments.
Future Market Outlook
The future market outlook for Fernleigh appears optimistic. Given the solid foundation of current market conditions and consistent growth trends, it is reasonable to expect that both house and apartment prices may continue to rise steadily. The ongoing population increase suggests sustained demand for housing which supports projections for continued appreciation in property values.
However, investors should remain vigilant regarding national economic factors such as interest rates and employment levels which could affect affordability and demand within the local market.
In conclusion, Fernleigh’s real estate market demonstrates strong potential for continued growth and offers diverse investment opportunities. Stakeholders should monitor market conditions closely while considering long-term strategies that align with the area’s expanding population and evolving needs.
