Gesto, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $440,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
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 | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
Gesto, Ontario’s real estate market is currently experiencing a period of steady growth. With a median house price of $520,000, which reflects a year-over-year increase of 4%, the market indicates a stable upward trend in property values. Similarly, the median apartment price stands at $310,000, with a more modest but consistent growth rate of 2.5% year-over-year.
The population of Gesto has reached 15,500 residents and is growing at a rate of 3.3%, suggesting that the demand for housing is likely to remain strong. This influx of new residents can be attributed to various factors including employment opportunities, quality of life, and the relative affordability of housing compared to larger urban centers.
Investment Opportunities and Potential
The investment landscape in Gesto presents substantial opportunities for both residential and income properties. Given the consistent growth in house and apartment prices, investors can expect capital appreciation over time. Moreover, with the ongoing population growth, there is an increasing demand for rental accommodations which implies potential for rental income and low vacancy rates.
The current market conditions suggest that investing in single-family homes or apartments could yield positive returns through both asset value increase and rental income streams. Investors should also consider emerging neighborhoods or areas undergoing development within Gesto as these locations often offer attractive pricing with significant upside potential as the areas mature.
Future Market Outlook
Looking forward, the Gesto real estate market appears poised for continued growth. The steady increase in property values coupled with robust population expansion indicates a healthy market trajectory. Assuming similar economic conditions persist—such as low interest rates, a stable job market, and continued inward migration—the outlook for both property owners and investors remains optimistic.
It is reasonable to expect that the housing market will maintain its current trends, with potential for acceleration in growth should the local economy attract further investment or infrastructure development projects materialize. Investors and homebuyers are advised to stay informed on local economic developments as these can have significant impacts on future property values and investment returns.
