Glenburnie, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Glenburnie, Ontario, the real estate market is experiencing a steady increase in housing prices. With a median house price of $510,000 and a year-over-year growth of 4%, the market shows healthy growth that aligns with broader national trends. Similarly, apartments in the area have seen a price increase, with the median apartment price now standing at $305,000 and growing at a slightly lower rate of 2.5% year-over-year.
The population growth of 3.3% suggests that Glenburnie is becoming an increasingly attractive location for new residents which is likely contributing to the demand for housing and the consequent rise in property values. This stable population increase is indicative of a healthy local economy and can be considered one of the driving forces behind the positive real estate trends.
2. Investment Opportunities and Potential
Glenburnie’s real estate market holds promising investment opportunities. The consistent growth in housing prices points towards a potentially profitable investment for those purchasing residential properties. Investors should take note of the 4% increase in house prices when considering long-term capital gains.
As for apartments, which are often popular among renters, the 2.5% annual price increase suggests that this segment of the market is also expanding steadily albeit at a slower pace than houses. This could represent an opportunity to invest in rental properties that cater to smaller households or individuals who prefer apartment living.
The local population growth further supports both rental and resale markets as demand for housing will likely continue to rise along with the population. New infrastructure developments or economic initiatives may also boost investment potential in this region.
3. Future Market Outlook
The future outlook for Glenburnie’s real estate market appears optimistic based on current trends and demographic data. If population growth maintains its current trajectory, we can expect continued demand for housing which should support stable or increasing property values over time.
Moreover, if the local economy continues to provide jobs and attract residents, we might see even greater increases in real estate values than currently observed. Investors and homebuyers considering Glenburnie should pay close attention to local economic policies and development plans as they could significantly influence future market conditions.
However, potential investors should remain cautious and consider external factors such as interest rates changes, national economic shifts, or unforeseen global events that might affect local real estate markets indirectly.
