Gilford, 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 | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gilford, Ontario is currently experiencing moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady demand for houses in the area, reflecting a stable and growing residential market. Similarly, the apartment market is witnessing growth, albeit at a slightly slower pace, with the median apartment price at $300,000 and a year-over-year trend of 2.1%.
The population of Gilford has reached 15,000 residents, showing a significant growth rate of 7.1%. This robust population increase is likely fueling housing demand and contributing to the consistent price trends observed across both housing types.
Investment Opportunities and Potential
Given the current growth trends and population increase in Gilford, there are several investment opportunities worth considering. The steady appreciation in house prices suggests that purchasing residential properties could yield solid returns over time. Investment in single-family homes appears particularly promising due to their higher year-over-year price increase compared to apartments.
Apartments present an opportunity as well; although the appreciation rate is lower than that of houses, the more accessible entry price point makes it an attractive option for investors looking to cater to singles, young professionals, or small families who prefer apartment living or cannot yet afford a house.
With the ongoing population growth in Gilford, rental properties may also be a wise investment. As new residents seek accommodation, the demand for rental units is expected to rise alongside property values, potentially leading to higher rental income for property owners.
Future Market Outlook
The future real estate market outlook for Gilford remains optimistic given current trends. Population growth is projected to continue as more people move to the area for its quality of life and employment opportunities. As such, the demand for both purchased and rented properties is likely to remain strong.
If economic conditions hold steady and interest rates remain favorable, we can expect ongoing moderate appreciation in property values. Investors should monitor local development plans and infrastructure improvements as these factors can significantly impact future property values by enhancing the desirability of the region.
In conclusion, both short-term gains through rental income and long-term asset appreciation seem attainable within Gilford’s real estate market. However, potential investors should conduct thorough due diligence and consider local market nuances before making any investment decisions.
