Girdwood, 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 Girdwood, Ontario currently presents a stable growth environment. With a median house price of $500,000 and an appreciative trend of 3.5% year-over-year, the market indicates healthy demand and a robust housing sector. The median apartment price stands at $300,000, with a slower yet consistent appreciation rate of 2.1% year-over-year. This disparity in growth rates suggests a higher demand for houses over apartments, possibly driven by families and professionals seeking more spacious living accommodations.
The local population has experienced a significant increase with a growth rate of 7.1%, which is substantially higher than the national average. This demographic expansion is likely contributing to the steady climb in property values as new residents seek housing in the area.
Investment Opportunities and Potential
Girdwood’s real estate market offers promising investment opportunities, particularly in the single-family home sector due to its stronger appreciation rate. The current market conditions suggest that purchasing properties for long-term capital gains could be a wise strategy for investors.
Given the solid population growth, there is potential for rental investments to meet the demands of newcomers who may not be ready or able to purchase homes immediately upon their arrival. With careful property management and strategic location selection within Girdwood, investors can capitalize on both capital appreciation and rental income streams.
Future Market Outlook
Looking ahead, Girdwood’s real estate market is poised for continued growth given the robust population increase and stable economic indicators. While current trends show healthy appreciation rates for both houses and apartments, sustained demand driven by further population growth could put upward pressure on prices over the long term.
However, investors should remain vigilant about broader economic factors that may influence interest rates and affordability, which can affect buyer sentiment and potentially slow down market momentum. It’s advisable for stakeholders to monitor local development plans as well since new housing supply could impact future price trajectories.
In conclusion, Girdwood presents itself as an attractive market with strong fundamentals supporting both immediate and future real estate investment prospects. By staying informed on local trends and wider economic signals, investors can make calculated decisions to leverage opportunities within this dynamic market.
