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 a period of steady growth. With a median house price of $500,000 and an observed year-over-year increase of 3.5%, the market is showing healthy appreciation rates that are slightly above the national average. The median apartment price stands at $300,000 with a growth trend of 2.1% year-over-year. This differential in growth rates between houses and apartments indicates a potentially higher demand for single-family homes.
The population of Gardenville has seen a significant increase of 7.1%, which is considerably higher than the national average, suggesting an influx of new residents and potential for increased housing demand. This demographic shift could be driven by factors such as employment opportunities, local amenities, or the town’s appeal to those seeking a more suburban lifestyle.
Investment Opportunities and Potential
The sustained population growth paired with consistent property value appreciation presents robust investment opportunities within Gardenville’s real estate market. Single-family homes, in particular, appear to be a wise investment choice given their stronger price trend compared to apartments.
Investors should consider long-term rental properties or look into potential developments that cater to the needs of the growing community. Given the trends, areas of interest might include family-oriented neighborhoods, properties close to schools and parks, or those that offer convenient access to urban centers while still providing a sense of suburban tranquility.
Future Market Outlook
Looking ahead, Gardenville’s real estate market is poised for continued growth. The existing upward trends in both population and property prices are expected to persist as the town becomes an increasingly attractive destination for individuals and families alike.
However, investors and homebuyers should monitor local economic developments and housing supply closely. An increase in construction activity could balance the demand-supply equation and moderate price growth rates. Conversely, constraints on new housing developments could lead to sharper price increases due to limited inventory.
In conclusion, Gardenville offers a dynamic real estate market with promising prospects for both homeownership and investment activities. Stakeholders are encouraged to stay informed on regional economic indicators and real estate inventory levels to make strategic decisions aligned with future market movements.
