Foleyet, 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 Foleyet, Ontario is currently characterized by a stable growth pattern. With the median house price standing at $500,000 and demonstrating a year-over-year increase of 3.5%, the market shows signs of healthy demand and moderate appreciation. Meanwhile, apartments in Foleyet have a median price of $300,000 with a slower growth trend of 2.1% year-over-year. This discrepancy in growth rates suggests that while the market for houses is slightly more dynamic, apartments are experiencing more subdued but steady growth.
The population of Foleyet has reached approximately 15,000 residents, with a significant growth rate of 7.1%. This population increase is likely contributing to the demand for housing in the area and could be an indicator of sustained market activity in the coming years.
Investment Opportunities and Potential
The consistent growth in property values coupled with substantial population expansion presents clear investment opportunities in Foleyet’s real estate market. Investors may find potential in both single-family homes and apartment complexes due to the varying price trends. The higher appreciation of houses suggests that investments in this segment may yield greater capital gains in the short to medium term.
Apartments offer a different value proposition with their lower entry price point and steady appreciation, which could appeal to investors looking for long-term rental income streams. Given the growing local populace, demand for rental properties is anticipated to rise, potentially leading to higher occupancy rates and rental yields.
Future Market Outlook
The outlook for Foleyet’s real estate market remains optimistic based on current trends and demographic indicators. The steady increase in property values is expected to continue as population growth drives demand for housing. However, as the market maintains its upward trajectory, potential buyers may face increased competition and pricing pressures.
Investors should monitor economic factors that could affect the region’s employment rates and overall economic health since these will heavily influence future real estate dynamics. Additionally, any changes in local government policies regarding development and zoning could impact market conditions.
In conclusion, Foleyet offers promising investment opportunities thanks to its growing population and consistent property value appreciation. Stakeholders should remain cognizant of broader economic indicators while considering the long-term benefits of investing in this expanding market.
