Glenmount, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| 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 | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Glenmount, Ontario, the real estate market is currently experiencing a steady growth trend. The median house price in the area stands at $525,000, reflecting a year-over-year increase of 4.2%. This indicates a healthy demand for single-family homes and suggests that the market has been resilient despite broader economic fluctuations.
Similarly, apartments are showing a positive trend with the median price set at $320,000 and a year-over-year growth of 3%. This more modest increase compared to houses may be indicative of a different demographic appeal or investment preference within the market.
The population of Glenmount has reached 15,500, with an encouraging growth rate of 3.3%. This population influx is a strong driver for housing demand and is likely contributing to the upward pressure on property values in both the house and apartment segments.
2. Investment Opportunities and Potential
Given the steady appreciation in property values, Glenmount presents enticing opportunities for investors. The consistent growth in median house prices offers potential for long-term capital gains for those investing in residential properties. Furthermore, the apartment sector’s slightly slower yet stable price increase could appeal to investors looking for lower entry points into the real estate market.
Investors should also consider the growing population as indicative of rental demand. As new residents move into the area, there will be increased opportunities for rental income from both houses and apartments. The diverse range of investment options—from high-value houses to more affordable apartments—ensures that there is potential for various investment strategies tailored to different risk profiles.
3. Future Market Outlook
The future outlook for Glenmount’s real estate market remains optimistic based on current trends and demographic data. If the population continues to grow at its current rate or higher, we can expect sustained demand for housing which is likely to support further property value increases over time.
The strength of this market could be bolstered by local economic development initiatives that attract more businesses and residents to Glenmount. Investors and homebuyers should monitor factors such as employment rates, infrastructure development, and interest rates as they can significantly impact future market conditions.
In conclusion, Glenmount’s real estate market is characterized by solid growth and promising investment opportunities. However, as with any investment decision, individuals should conduct thorough due diligence and consider consulting with a real estate professional before entering the market.
