Gelert, 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gelert, Ontario currently presents a stable growth environment with the median house price sitting at $500,000, showing a year-over-year increase of 3.5%. This steady appreciation rate indicates a healthy demand for housing in the area. Similarly, the median apartment price has reached $300,000, with a slower yet consistent growth trend of 2.1% over the past year.
The population of Gelert has been growing at a rate of 3.45%, suggesting an influx of residents that could be contributing to the housing demand. The corresponding growth in property values implies that the market is reacting positively to the rising population, with supply maintaining pace with demand without leading to any overheated conditions or bubbles.
Investment Opportunities and Potential
The current trends in Gelert’s real estate market suggest that there are investment opportunities for both residential properties and rental units. Given the steady climb in housing prices, investors could potentially benefit from capital gains over time. The growth in apartment prices, although more modest than houses, indicates a solid opportunity for those looking to invest in properties aimed at smaller households or renters.
With the population expanding annually at a rate above the national average, there is potential for new developments and refurbishments of existing properties to cater to this growing market. Investors may also consider exploring short-term rental or vacation rental markets if local regulations and market conditions permit.
Future Market Outlook
The future outlook for Gelert’s real estate market remains optimistic given current trends and statistics. The continuation of a 3.5% growth trajectory for house prices suggests that the area will remain an attractive place for families looking for primary residences as well as investors seeking long-term capital growth opportunities.
Apartments are likely to continue experiencing positive growth albeit at a slightly lower rate of 2.1% year-over-year; however, this still represents a sound investment when considering the increasing need for diverse housing options due to population expansion.
The sustained population growth rate of 3.45% will continue to fuel demand for housing in Gelert. Unless significant economic shifts occur or new policies impacting real estate come into play, it is reasonable to anticipate that the market will maintain its current course or potentially see increased activity as more people move into the region.
In conclusion, Gelert’s real estate market appears robust and offers compelling opportunities for existing homeowners, prospective buyers, and investors alike. Continuous monitoring of economic indicators and demographic changes will be pivotal in navigating future market conditions effectively.
