Glencoe, 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 Glencoe, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy upward momentum. This trend is slightly above the national average and indicates a stable investment environment for single-family homes. Similarly, the median apartment price stands at $300,000, with a more modest annual appreciation of 2.1%. The population of Glencoe has grown to 15,000 residents, reflecting a substantial growth rate of 7.1%, which may contribute to increased housing demand and support continued appreciation in property values.
Investment Opportunities and Potential
Given the current market conditions, Glencoe presents attractive investment opportunities. The consistent growth in housing prices suggests that investments in both houses and apartments are likely to yield positive returns. For investors looking to enter the market or expand their portfolios, the higher growth rate for houses makes them particularly appealing. However, apartments should not be overlooked as they offer a lower entry point and may appeal to a different segment of the market such as first-time buyers or smaller households. Additionally, with the significant population increase, demand for rental properties could rise, potentially leading to favorable rental yields for investors.
Future Market Outlook
The outlook for Glencoe’s real estate market remains optimistic. The strong population growth indicates an increasing demand for housing which could sustain or even accelerate current price trends. Assuming that economic conditions remain stable and interest rates are conducive to mortgage affordability, the market is poised for continued growth in both the short and medium-term. Investors should monitor local developments closely, including infrastructure improvements and employment opportunities which could further bolster the market’s attractiveness. All signs point towards Glencoe being a robust market with ongoing potential for both homebuyers and investors alike.
