Girdwood, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 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 | 6,200 |
| 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 Girdwood, Ontario, is currently characterized by steady growth. With a median house price of $520,000 and a year-over-year increase of 4%, the market is showing signs of consistent appreciation. The median apartment price stands at $310,000, with a more modest growth trend of 2.5% year-over-year.
The population of Girdwood has been growing at a rate of 3.3%, which may be contributing to the steady demand for housing in the area. This demographic trend is an important factor for investors and homebuyers alike as it indicates sustained interest in the region and potential for ongoing market stability.
Investment Opportunities and Potential
Girdwood presents various investment opportunities due to its balanced market conditions. The solid growth in house prices suggests that purchasing residential properties could yield profitable returns over time. Similarly, the apartment sector’s more gentle growth represents an accessible entry point for investors with less capital or those seeking lower-risk investments.
The sustained population increase is also likely to drive demand for rental properties, potentially leading to higher occupancy rates and rental yields. Therefore, investing in rental properties could be particularly appealing for those looking to capitalize on Girdwood’s growing population.
Future Market Outlook
Looking ahead, the future market outlook for Girdwood remains optimistic. The consistent growth in housing prices coupled with ongoing population increases suggests that there will be continued demand for both home ownership and rental options.
If current trends persist, investors and homeowners can likely expect further gradual appreciation in property values. However, it is crucial to monitor external factors such as economic policy changes, interest rates, and regional development plans that could influence the trajectory of the market.
