Fernleigh, 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
1. Current Market Conditions and Trends
The real estate market in Fernleigh, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market demonstrates resilience and a positive trajectory. Similarly, the apartment sector is showing a modest year-over-year increase with a 2.1% growth rate and a median price point of $300,000.
The population of Fernleigh stands at 15,000 residents and has seen a robust growth rate of 7.1%. This influx of new residents is likely contributing to the sustained demand for housing in the area, which in turn supports the ongoing appreciation of property values. The current trends indicate a healthy real estate market that is attractive to both homeowners and investors alike.
2. Investment Opportunities and Potential
Investment opportunities within Fernleigh’s real estate market appear promising, particularly when considering its steady population increase and consistent property value appreciation. The housing sector’s growth suggests that investments in residential properties may lead to capital gains over time. Moreover, given the current median prices for houses and apartments, there are opportunities for investors at various price points, catering to both entry-level and more seasoned investors.
The consistent upward trend in property values implies that purchasing real estate now could be advantageous for those looking to build equity long-term. Additionally, as the community continues to grow, there may be potential for rental income investment strategies due to possible increases in demand for rental accommodations by new residents.
3. Future Market Outlook
Looking forward to the future of Fernleigh’s real estate market, indicators such as population growth and historical price trends suggest continued strength and stability. If current conditions persist—especially the high rate of population growth—Fernleigh could see sustained or possibly increased rates of property appreciation.
This optimistic outlook is further supported by economic factors that encourage migration to smaller communities like Fernleigh, including remote work trends and an increasing desire for more spacious living environments outside urban centers. However, it remains essential for investors to stay informed on local economic developments and real estate regulations that could impact the market dynamics.
In conclusion, while no market can be entirely predicted, Fernleigh’s current data points toward a positive trend in real estate investment viability for the foreseeable future.