Gardenville, 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 Gardenville, Ontario is currently experiencing stable growth. The median house price in the area stands at $500,000, with a positive year-over-year trend of 3.5%. This is indicative of a healthy demand for single-family homes, likely driven by both local factors and broader provincial economic conditions.
Similarly, the apartment market is showing a steady increase with a current median price of $300,000 and an annual appreciation rate of 2.1%. This slower growth rate compared to houses suggests that while there is interest in multi-family units, it may not be as strong as the demand for houses.
The population of Gardenville has reached 15,000, with a significant growth rate of 7.1%. Such demographic expansion underpins the real estate demand and contributes to the overall health of the property market.
Investment Opportunities and Potential
The consistent increase in property values combined with robust population growth positions Gardenville as an attractive location for real estate investment. The upward trend in house prices reflects a market that has not yet reached saturation and suggests room for further capital appreciation.
In terms of rental investments, the growing population may lead to higher rental demand, particularly for apartments. Investors should consider the slower growth rate of apartment prices as a potentially favorable entry point that might offer a higher yield in terms of rental income relative to purchase price.
The development of new housing projects and infrastructure to support the expanding population could also present opportunities for investors looking to engage with new construction either for sale or lease upon completion.
Future Market Outlook
Looking ahead, the real estate market in Gardenville is poised for continued growth. The strong underlying demographic trends coupled with sustained economic development in Ontario suggest that both the housing and apartment markets should maintain their upward trajectories.
The 3.5% year-over-year increase in house prices indicates that while there is growth, it remains moderate enough to avoid concerns about overheating short-term. As long as economic conditions remain favorable and no major policy changes disrupt the market dynamics, Gardenville’s real estate outlook remains positive over the medium to long term.
With careful attention to interest rate trends, housing supply constraints, and any shifts in local employment rates, investors can make informed decisions about entering or expanding their presence in the Gardenville real estate market.
