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
Current Market Conditions and Trends
The real estate market in Fordwich, Ontario is currently characterized by a steady increase in property values. With a median house price sitting at $500,000 and experiencing a 3.5% year-over-year growth, the market is showing signs of healthy demand. Similarly, apartments are becoming more valuable, with a median price of $300,000 and a growth trend of 2.1% year-over-year. The local population has reached 15,000 residents, witnessing an impressive growth rate of 7.1%, indicating a burgeoning community that could drive further real estate demand.
Investment Opportunities and Potential
Fordwich’s growing population coupled with its steady property value appreciation presents attractive investment opportunities. The consistent increase in house prices suggests that investments in residential properties could yield solid returns over time. Furthermore, the apartment sector’s more modest growth rate offers potential for investors looking for more accessible entry points into the real estate market or diversification within their property portfolios. As the town continues to expand, the demand for both rental and owner-occupied properties is likely to rise, potentially leading to higher rental yields and capital gains for investors.
Future Market Outlook
The future market outlook for Fordwich remains optimistic based on current trends and demographic indicators. Given the strong population growth rate of 7.1%, it is reasonable to expect continued demand for housing which should support ongoing property value appreciation. If the town’s infrastructure, economy, and amenities develop in tandem with its population size, Fordwich could see sustained or even increased rates of real estate market growth. Investors and homeowners should monitor factors such as local employment rates, new construction developments, and municipal policies that could affect future market conditions.
