Glanmire, 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 Glanmire, Ontario is currently characterized by steady growth. The median house price sits at $500,000, reflecting a year-over-year increase of 3.5%. This consistent rise in housing prices indicates a healthy demand for residential properties. Similarly, the median apartment price is $300,000, which has experienced a more modest growth rate of 2.1% from the previous year.
Given the population of Glanmire is 15,000 with a robust growth rate of 7.1%, it suggests that the community is expanding rapidly. This influx of new residents is likely contributing to the persistent demand for housing and may be supporting the positive price trends observed in both houses and apartments.
Investment Opportunities and Potential
The investment landscape in Glanmire presents promising opportunities for real estate investors. The solid appreciation rates seen in both houses and apartments suggest that investments in residential real estate could yield favourable returns over time. The significant population growth rate also points to future demand for rental properties, as newcomers will need accommodation, which could benefit landlords and property managers.
For those considering real estate development or speculative buying, the current trends imply a continuing demand surge that might make such ventures profitable. As more people move into the area, there may be gaps in the market for certain types of housing or amenities that savvy investors can fill.
Future Market Outlook
The future outlook for Glanmire’s real estate market appears optimistic. The steady climb in property values coupled with substantial population growth positions Glanmire as an attractive destination for both homebuyers and investors alike. If these trends persist, we can expect ongoing appreciation in property values and potentially a tighter market with more competition among buyers.
However, it is essential to monitor external economic factors that could impact interest rates and borrowing costs, as these will influence buyer affordability and potentially slow market activity. Investors should remain vigilant about national economic indicators while keeping an eye on local developments that could affect Glanmire’s appeal to potential residents.
