Gibraltar, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $280,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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 is currently experiencing steady growth. The median house price stands at $550,000, reflecting a year-over-year increase of 4.2%. This growth rate indicates a healthy demand for single-family homes within the region. Similarly, the median apartment price is at $320,000, with a more modest year-over-year increase of 2.5%. The slower growth in the apartment sector suggests a market that is slightly less dynamic than that of houses but still in an upward trend.
With a population of 15,500 and a robust population growth rate of 3.3%, Gibraltar’s real estate market is likely buoyed by an inflow of new residents seeking housing. Demand for both houses and apartments may continue to rise, spurred by this demographic expansion.
Investment Opportunities and Potential
The consistent uptick in property values presents potential investment opportunities in Gibraltar. Single-family homes offer a particularly compelling case for investment, with their higher appreciation rate suggesting a strong resale market. Investors can consider purchasing properties to rent out as the population increase may lead to greater rental demand.
Apartments also offer investment potential but with lower capital appreciation rates. Investors focusing on rental income rather than property flipping might find apartments an attractive option due to potentially lower entry costs and sustained demand from those seeking more affordable housing options or temporary residency.
Future Market Outlook
Looking forward, the real estate market in Gibraltar shows promising signs for continued growth. If the current trends persist, with population growth acting as a key driver, both the house and apartment markets should maintain their upward trajectories. However, investors and homebuyers should remain aware of broader economic factors and local developments that could impact these trends.
The health of local employment markets, interest rates, and national economic policies will all play roles in shaping Gibraltar’s real estate future. Prudent investors should keep an eye on these factors while considering long-term investments in the region’s housing market.
