Gormley, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,250,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $650,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $900,000 |
| 3 bedrooms | $1,250,000 |
| 4 bedrooms | $1,500,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $650,000 |
| 3 bedrooms | $750,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,800 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Gormley, Ontario is currently experiencing steady growth. With a median house price sitting at $1,250,000, the market has seen a respectable year-over-year price increase of 4.2%. The median apartment price is also on the rise at $650,000, marking a 2.5% year-over-year increase. The population growth of 3.2% reflects rising demand in the region’s housing sector, indicating a healthy and growing community with a population now reaching approximately 16,000 residents.
Investment Opportunities and Potential
Gormley’s steady growth presents attractive investment opportunities for both residential and rental markets. The consistent rise in property values, marked by the 4.2% increase in house prices, suggests that purchasing residential properties could yield profitable long-term capital gains for investors. Apartments are also showing potential with a 2.5% price trend increase year-over-year, providing an opportunity for those looking to invest in multi-family units or enter the rental market.
Future Market Outlook
The outlook for Gormley’s real estate market remains optimistic. Population growth continues to be robust at 3.2%, which should sustain demand for housing and potentially lead to further property value increases. As more people are attracted to the area due to its amenities, natural beauty, and proximity to larger job markets like Toronto, it’s reasonable to expect that these positive trends will persist. With careful monitoring of economic indicators and local development plans, investors and homeowners alike can feel confident about the future of Gormley’s real estate market.
