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
1. Current Market Conditions and Trends
The real estate market in Foleyet, Ontario, is currently experiencing a period of moderate growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a steady upward trend in housing prices, suggesting that the market is healthy and growing at a sustainable rate. Similarly, the median apartment price has reached $300,000, with a year-over-year growth of 2.1%. These trends are supported by a robust population growth of 7.1%, which signals an expanding community and potentially increased demand for housing.
2. Investment Opportunities and Potential
With the current trends indicating stable growth, Foleyet presents several attractive investment opportunities. The consistent rise in property values suggests that purchasing real estate now could lead to significant capital appreciation over time. Investors might focus on single-family homes due to their higher year-over-year price increase compared to apartments, anticipating greater long-term gains.
Moreover, the strong population growth can lead to higher rental demand, particularly for apartments suitable for smaller households or individuals moving into the area. This could provide investors with lucrative rental yields as well as long-term asset appreciation.
3. Future Market Outlook
The future outlook for Foleyet’s real estate market appears optimistic. The ongoing population growth will likely continue to drive demand for housing in both sales and rental markets. If current economic conditions hold steady and new employment opportunities arise within the region, we can expect an enduring upward trajectory in property values.
However, it is essential for investors to monitor economic indicators closely as changes in interest rates, employment rates, and regional economic policies could affect market dynamics. Nonetheless, given Foleyet’s current performance and positive indicators, the market outlook remains promising for potential investors.
