Fonthill, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $650,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $350,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $500,000 |
| 3 bedrooms | $650,000 |
| 4 bedrooms | $800,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $300,000 |
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Fonthill, Ontario is currently experiencing a period of steady growth. The median house price in the region stands at $650,000, which represents a year-over-year increase of 4%. This indicates a healthy demand for single-family homes and suggests that the market is maintaining its value well.
In comparison, the median apartment price is notably lower at $350,000, with a slower growth rate of 2.5% year-over-year. This discrepancy between house and apartment price growth may reflect a stronger preference among buyers for more spacious living options or could be indicative of different investment behaviors in these two segments of the market.
The local population has reached approximately 16,000 residents, with a robust growth rate of 6.7%. This influx of new residents can be seen as a driving force behind the demand for housing and the overall economic vitality of Fonthill.
Investment Opportunities and Potential
Given the steady rise in property values and population growth, Fonthill presents itself as an attractive area for real estate investment. Single-family homes are particularly appealing due to their higher appreciation rates. Investors looking to capitalize on rental income or long-term equity gains should consider this segment of the market.
Apartments offer lower entry points for investment and may be more accessible to first-time investors or those with limited capital. While their appreciation rate is more modest compared to houses, apartments in Fonthill still present an opportunity for steady rental income given the growing population and potential demand from individuals seeking affordable housing options.
In addition to residential properties, commercial real estate investments may also benefit from the town’s population growth as businesses expand to meet local needs.
Future Market Outlook
The future outlook for Fonthill’s real estate market appears positive. The consistent population growth suggests that demand for housing will continue to rise, potentially pushing property values higher. If current economic conditions persist and interest rates remain favourable, we can expect both the housing and apartment markets to maintain their upward trajectories.
However, prospective investors should monitor local economic developments closely, as changes in employment rates or major infrastructure projects could significantly impact future market trends.
In conclusion, Fonthill’s real estate market shows promising signs for investors and homebuyers alike. With careful consideration of market data and trends, stakeholders can make informed decisions that capitalize on the opportunities presented by this growing community.
