Fonthill, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $600,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| 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 | $600,000 |
| 4 bedrooms | $700,000 |
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) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| 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 currently presents an environment of steady growth. With a median house price of $600,000 and experiencing a year-over-year increase of 4.2%, the market is showing sustainable appreciation. This is indicative of a healthy demand for single-family homes in the area.
Similarly, the apartment sector has seen growth with the median apartment price reaching $350,000 and increasing at a slower but stable rate of 2.5% year-over-year. These trends suggest that Fonthill’s real estate market is on a positive trajectory, which may be appealing to both homeowners and investors alike.
The population of Fonthill stands at 16,000 people and has seen a significant growth rate of 3.2%. This demographic expansion can be attributed to the town’s attractiveness for families and professionals seeking a suburban lifestyle with proximity to larger urban centers.
Investment Opportunities and Potential
Investors considering Fonthill will find promising opportunities, especially in the single-family home segment which is outperforming the apartment sector in terms of price growth. The consistent rise in property values indicates potential for capital gains over the long term.
The population growth rate surpasses national averages, suggesting an increasing demand for housing. This demographic trend can drive rental market demand, providing investors with potential for robust rental yields alongside property value appreciation.
In addition to residential properties, the expanding population may also result in heightened demand for commercial real estate, as businesses seek to cater to the growing community. This opens up diverse investment avenues within Fonthill’s real estate market.
Future Market Outlook
Looking ahead, Fonthill’s real estate market shows signs of continued strength. The steady population growth coupled with sustained property value appreciation points towards ongoing demand and potentially lucrative investment returns.
As long as economic conditions remain favorable and interest rates are stable, the local housing market is poised to maintain its upward trend. However, investors should remain cognizant of broader economic factors that could impact mortgage affordability and thus influence buyer activity in Fonthill’s market.
In conclusion, Fonthill’s real estate market demonstrates solid fundamentals with clear signs of growth and potential for future appreciation. Investors should consider this market for its stability and prospects for both short-term gains and long-term investments.
