Glanworth, 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 Glanworth, Ontario currently presents a stable and modestly growing environment. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for housing, likely driven by both local factors and broader national market conditions. Similarly, the median apartment price has risen to $300,000, with a smaller yet positive year-over-year trend of 2.1%.
The population of Glanworth has reached approximately 15,000 residents, experiencing a significant growth rate of 7.1%. This demographic expansion suggests a robust local economy and an influx of new residents, which in turn fuels housing demand. Current trends also point towards a balanced market where supply keeps pace with demand, avoiding extreme price inflation or volatility.
Investment Opportunities and Potential
Given the steady increase in property values and the substantial population growth, Glanworth offers compelling opportunities for real estate investors. The consistent appreciation in house prices at a rate of 3.5% per annum suggests that investments in residential properties are likely to benefit from capital gains over the medium to long term.
Apartments are also emerging as an attractive investment option with their 2.1% annual price increase. Investors looking for lower entry points into the real estate market might consider this segment, particularly given the potential for rental income supported by the expanding population.
The strong demographic growth further implies that there could be an ongoing need for new housing developments and renovations of existing properties. Investors with an eye on development or refurbishment projects may find untapped potential in Glanworth’s real estate landscape.
Future Market Outlook
The future outlook for Glanworth’s real estate market appears cautiously optimistic. Assuming current economic conditions hold and population trends continue upwards, demand for housing is likely to persist, potentially leading to further moderate increases in property values.
The town’s robust growth rate can result in increased consumer spending, business investments, and infrastructure development—all factors that traditionally support a healthy real estate market. However, investors should remain attentive to broader economic indicators and regional policy changes that could affect market dynamics.
In summary, while mindful consideration of broader economic uncertainties is advisable, Glanworth’s real estate market currently demonstrates solid fundamentals that bode well for its future performance.
