Glenmount, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Glenmount, Ontario, is experiencing a period of steady growth. The median house price in the region is currently $525,000, which reflects a year-over-year increase of 4%. This indicates a healthy demand for residential properties and a resilient market performance.
In contrast, the median apartment price stands at $320,000, with a slightly lower year-over-year price trend of 2.5%. The difference in growth rates between houses and apartments may signal a greater demand for single-family homes, which could be attributed to the preferences of the local demographic or investors seeking larger properties.
The population of Glenmount has reached 15,200 residents, showcasing robust growth of 4.8%. This significant population increase is likely contributing to the demand for housing and underpinning the positive trends observed in property values.
Investment Opportunities and Potential
Given the consistent appreciation of property values in Glenmount, investment opportunities are promising. Single-family homes present themselves as particularly attractive assets due to their higher growth rate compared to apartments. Investors could expect continuing appreciation driven by ongoing population growth and demand.
Moreover, rental properties could offer lucrative returns as the growing population may include individuals not ready or willing to purchase homes immediately. This could create a strong rental market with the potential for stable income streams for investors.
The diversity in property types, from suburban houses to urban-style apartments, provides multiple entry points for investors with different capital capabilities and investment strategies. Strategic investments focused on areas with the highest demand or upcoming infrastructure projects could yield substantial returns as the market continues to mature.
Future Market Outlook
The outlook for Glenmount’s real estate market remains positive. With a solid 4% growth in house prices and an expanding population base, it’s reasonable to anticipate that these trends will persist in the near term. Long-term prospects also appear favorable considering possible improvements in local amenities and infrastructure that typically follow population increases.
Investor confidence should remain high if current economic conditions prevail and no major policy changes disrupt the housing sector. However, potential investors should be aware of external factors such as interest rate fluctuations or broader economic shifts that could impact market dynamics.
Careful monitoring of local developments and maintaining an understanding of both macroeconomic factors and regional specifics will be key to making informed investment decisions in Glenmount’s evolving real estate landscape.
