Georgina, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 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 | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Georgina, Ontario is currently experiencing moderate growth. With a median house price of $550,000 and a year-over-year increase of 4%, the market is showing signs of steady appreciation. Similarly, apartments are following an upward trend with a median price of $320,000 and an annual growth rate of 2.5%. This suggests a balanced market condition that is favorable for both buyers and sellers.
The population of Georgina stands at 15,500 with a growth rate of 3.3%. This demographic expansion contributes to the demand for housing in the area. The sustained population increase is indicative of a healthy local economy and may point towards future demand for real estate in the region.
2. Investment Opportunities and Potential
In terms of investment potential, Georgina offers promising opportunities for both residential and rental markets. The steady price appreciation indicates that purchasing property could be a sound long-term investment. For investors looking at rental properties, the growing population suggests that there will be a continued demand for housing.
Considering the more modest growth rate in apartment prices compared to houses, investing in apartments may appeal to those looking for more affordable entry points into the market or seeking to cater to individuals who prefer smaller living spaces or cannot afford higher-priced homes.
3. Future Market Outlook
The future outlook for Georgina’s real estate market remains positive. The consistent population growth serves as a strong indicator that demand for housing will persist. Assuming that local economic conditions remain stable or improve, it’s reasonable to expect that property values will continue on an upward trajectory.
However, prospective investors should also consider external factors such as interest rates, government policies, and broader economic trends which can impact housing markets unpredictably. Therefore, while current trends show positive signs, it is important to stay informed on various factors that can affect market dynamics in the future.
