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 a steady growth pattern. The median house price currently stands at $500,000, which indicates a healthy year-over-year increase of 3.5%. This growth trend reflects a robust demand for housing in the region and suggests that the market is doing well despite broader economic fluctuations.
In contrast, the apartment sector shows a more modest increase with the median apartment price at $300,000, growing at a rate of 2.1% year-over-year. This slower pace may be indicative of a different demographic interest or investment strategy when compared to the single-family home market.
The local population of 15,000 is on an uptrend with a notable population growth rate of 7.1%. This demographic expansion supports the ongoing demand for housing and potentially stimulates further development and investment in residential real estate.
Investment Opportunities and Potential
The positive trajectory of house prices, combined with significant population growth, presents numerous investment opportunities in Finch. Investors looking to capitalize on equity gains might consider single-family homes as a viable option given their stronger appreciation rate compared to apartments.
The increasing population also hints at potential for rental investments as more individuals and families seek accommodation in the area. With apartments appreciating at a slower rate, investors may find attractive yields in this sector due to lower entry costs and consistent rental demand.
Given Finch’s growing market, there may be opportunities for new development projects to meet the housing needs driven by the expanding population. Both residential developments and mixed-use projects could benefit from the current market dynamics and demographic trends.
Future Market Outlook
The future real estate market outlook for Finch remains optimistic based on current trends. The sustained increase in house prices suggests that Finch will continue to attract buyers looking for long-term investments. As long as population growth maintains its upward trajectory, demand for housing should persist, underpinning property values.
However, it’s important for investors to consider macroeconomic factors that could impact interest rates and borrowing costs. A rise in these costs could moderate growth rates in both house and apartment prices over time.
Continued monitoring of local economic drivers such as employment rates, infrastructure developments, and regional policies will also be crucial in forecasting the longer-term performance of Finch’s real estate market.
