Fortescue, 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 | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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
The real estate market in Fortescue, Ontario is currently experiencing a period of steady growth. The median house price stands at $520,000, which marks a 4% increase year-over-year. This increment is indicative of a healthy demand for housing in the area. Similarly, the median apartment price has risen to $310,000, following a slightly more modest year-over-year trend of 2.5%. Such consistent growth in property values can be attributed to Fortescue’s appealing living conditions and its growing local economy.
The population of Fortescue has reached 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion is contributing to the upward pressure on housing demand, thereby supporting the positive trend in property prices. Furthermore, the rental market is seeing increased activity as newcomers seek accommodation, which may interest investors looking for income-generating properties.
Investment Opportunities and Potential
Investors considering Fortescue for real estate ventures will find several promising opportunities. The consistent rise in property values offers potential for capital gains over the medium to long term. Single-family homes, given their stronger price appreciation at 4%, present particularly attractive investment prospects.
Apartments, with a slightly lower appreciation rate of 2.5%, still provide an opportunity for investors focusing on rental income. Considering the population growth rate and the influx of residents seeking housing options, apartments could offer sustained occupancy rates and stable rental yields.
Moreover, Fortescue’s economic forecasts suggest continued growth in both residential and commercial sectors, opening up possibilities for new development projects or refurbishment of existing properties to meet changing market demands.
Future Market Outlook
The outlook for the Fortescue real estate market remains positive. With ongoing population growth and increasing demand for housing, both the residential and rental markets are expected to maintain their upward trajectory. The steady economic environment should support sustained property value increases and investment returns.
However, investors and homebuyers should remain cognizant of broader economic factors that could impact the market, such as interest rate changes or regional employment trends. As with any real estate investment, due diligence and an understanding of local market dynamics are essential for making informed decisions that align with one’s financial goals.
In summary, Fortescue’s real estate market demonstrates strong fundamentals with optimistic future prospects. For those looking to enter the market or expand their portfolio within it, current trends indicate that now may be an opportune time to invest.
