Finch, 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
Current Market Conditions and Trends
The real estate market in Finch, Ontario is experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market reflects a healthy demand for single-family homes. The median apartment price stands at $300,000, with a slightly lower appreciation rate of 2.1% year-over-year. These trends suggest that while both segments of the market are growing, houses are currently experiencing a higher rate of value increase.
The population of Finch is 15,000 and has shown a robust growth of 7.1%. This demographic expansion is contributing to the increasing demand for housing in the area. The combination of population growth and rising property values indicates a strong and active market that is likely to sustain its momentum in the near term.
Investment Opportunities and Potential
For investors looking at Finch, Ontario, the real estate market presents several attractive opportunities. Given the consistent rise in property values, purchasing residential properties could yield considerable capital gains over time. The higher growth rate in house prices suggests that investing in single-family homes may offer superior returns compared to apartments.
Moreover, the significant population growth points to potential rental income opportunities as more individuals and families look for residences in Finch. Investors could benefit from acquiring properties to cater to this segment, especially as the demand for rental units may increase along with the population.
Future Market Outlook
The future outlook for Finch’s real estate market remains positive. The continuing trend of population growth and housing demand suggests that property values are likely to maintain their upward trajectory. Assuming no major economic disruptions occur, both the single-family home and apartment sectors should see sustained appreciation.
However, prospective buyers and investors should be mindful of broader economic conditions that could impact interest rates or employment levels, which in turn could affect the real estate market’s performance. Nonetheless, current indicators point towards a stable market with ongoing investment potential for both immediate income through rentals and long-term asset appreciation.
