Fordwich, 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 Fordwich, Ontario, is currently experiencing stable growth, with median house prices standing at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy market that is growing at a moderate pace without the volatility seen in some other markets. Meanwhile, the median apartment price is $300,000, which has seen a slightly lower growth rate of 2.1% year-over-year.
This steady growth is occurring alongside a notable population increase of 7.1%, suggesting that Fordwich is attracting new residents and possibly experiencing economic expansion. The corresponding demand for housing from this population growth likely contributes to the upward pressure on property values.
2. Investment Opportunities and Potential
Given the consistent rise in property values and significant population growth, Fordwich represents a promising opportunity for real estate investors. The steady increase in prices suggests that investments made now could yield favorable returns as the market continues to expand.
The more moderate increase in apartment prices compared to houses points to potential investment opportunities in multi-family dwellings or rental properties catering to those seeking more affordable housing options within the community. Investors should also consider the demographic trends driving the population growth when deciding on types of properties to invest in or develop.
3. Future Market Outlook
Looking forward, the Fordwich real estate market appears poised for continued growth. The solid economic indicators—reflected in both population expansion and rising property values—suggest that this trend will persist into the foreseeable future.
However, investors and potential homeowners should stay informed about local and national economic policies that could affect interest rates and borrowing costs. Additionally, any changes in employment prospects within Fordwich or nearby areas could influence future market dynamics.
In conclusion, with mindful consideration of broader economic factors and ongoing monitoring of local developments, stakeholders can approach the Fordwich real estate market with cautious optimism.
