Gibraltar, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $370,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gibraltar, Ontario currently presents a stable and growing environment. With a median house price of $520,000 that has experienced a 2.8% year-over-year increase, the housing sector indicates a steady appreciation in property values. Similarly, the apartment sector remains robust with a median price of $315,000 and a 2.5% year-over-year increase. The city’s population has reached 15,500 and is on the rise with a solid growth rate of 3.3%, suggesting sustained demand for housing in the foreseeable future.
Investment Opportunities and Potential
For investors eyeing Gibraltar’s real estate market, there are several encouraging signs. The consistent growth in property values offers potential for capital gains over time. Additionally, the increasing population is likely to drive rental demand, presenting opportunities for rental income investments. The balanced increase in both house and apartment prices indicates a diversified market where investors can choose between various types of real estate assets according to their investment strategy. Given ongoing trends, properties in Gibraltar are poised to remain attractive investment vehicles.
Future Market Outlook
The outlook for Gibraltar’s real estate market is optimistic. As the population continues to grow at a healthy rate of 3.3%, there will be an enduring demand for housing which should support both resale values and rental market stability. Furthermore, the historical data suggests a consistent pattern of gradual appreciation in property prices which is expected to continue barring any unforeseen economic disruptions. Investors and homebuyers can have a reasonable degree of confidence in the continued vitality of Gibraltar’s real estate market.
