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, exhibits steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This trend suggests a healthy demand for housing in the area. The apartment sector is also showing positive momentum with a median price of $300,000 and a somewhat slower year-over-year growth rate of 2.1%. These figures indicate a consistent but moderate appreciation in property values across different housing types.
With a population of 15,000 that has grown by 7.1%, there is evidence of demographic pressures that likely contribute to the ongoing demand for real estate in Glanmire. The sustained population increase can be attributed to factors such as local economic opportunities, lifestyle amenities, and natural population growth which are important drivers for the housing market.
Investment Opportunities and Potential
The current trends in Glanmire’s real estate market present several investment opportunities. The consistent growth in house and apartment prices indicates that investments in residential properties are likely to yield positive returns through both capital appreciation and rental income. Given the population growth rate, there is potential for further expansion in the housing supply to meet increasing demand.
Investors should consider both short-term and long-term strategies; purchasing residential properties for rental purposes could take advantage of the growing population looking for homes, while developers might look into new construction projects that would benefit from the expanding market size. Furthermore, an investment focus on apartments may appeal to first-time homebuyers or downsizers who are looking for more affordable housing options within the community.
Future Market Outlook
The future outlook for Glanmire’s real estate market remains optimistic based on current trends and underlying demographic factors. If the population continues to grow at or above recent rates, it is reasonable to project continued demand for housing which should sustain the upward trajectory of property values.
In addition to organic growth factors, potential economic developments within or near Glanmire could further enhance property values by attracting new residents seeking employment opportunities or improved quality of life. Investors and stakeholders should monitor local economic indicators and development plans closely as these will play a crucial role in shaping future market conditions.
Overall, while short-term fluctuations are always possible due to broader economic conditions or policy changes, Glanmire’s real estate market appears poised for continued growth over the medium to long term based on existing data.
