Forest, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Forest, Ontario
In Forest, Ontario, the real estate market is experiencing a stable growth pattern. The median house price currently stands at $520,000, reflecting a 4% year-over-year increase. This indicates a healthy demand for residential properties and a robust market that’s able to support incremental price appreciation. Similarly, the median apartment price has seen a rise to $315,000, with a slightly lower yet positive trend of 2.5% year-over-year. These trends are occurring against the backdrop of a growing population, which has recently reached approximately 15,500 residents, boasting an impressive growth rate of 3.3%. This population upswing is likely contributing to the sustained demand for housing in the area.
Investment Opportunities and Potential in Forest, Ontario
The investment landscape in Forest appears promising due to steady market growth. Houses have shown a more significant appreciation in value compared to apartments, which could indicate a higher potential return on investment for single-family homes. However, with apartment prices also on the rise, albeit at a slower pace, there is opportunity for investors looking for more affordable entry points into the property market or seeking rental income opportunities from professionals and small families attracted by the town’s growth. The consistent market expansion suggests that investments made now have the potential for capital gains in the medium to long term.
Future Market Outlook for Forest, Ontario
The future real estate market outlook for Forest, Ontario remains optimistic. The continued population growth at 3.3% is likely to maintain demand for housing, supporting further property value increases and presenting ongoing opportunities for developers and investors alike. If current trends persist, both housing and apartment sectors should experience sustained growth rates. Investors and potential homeowners should keep an eye on infrastructure developments and employment opportunities within the region as these factors will further shape the real estate market dynamics in Forest. Careful monitoring of local economic conditions and real estate supply will be crucial to making informed decisions moving forward.
