Gowanstown, 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 Gowanstown, Ontario is currently experiencing a steady growth. With the median house price at $500,000 and exhibiting a year-over-year increase of 3.5%, the market is showing healthy progress. Similarly, apartments in the area are now reaching a median price point of $300,000, with an annual growth rate of 2.1%. This suggests a consistent demand for housing while maintaining affordability relative to larger markets.
The population of Gowanstown stands at approximately 15,000, having grown by 7.1%. This significant population growth indicates an increasing demand for housing and could be a contributing factor to the steady appreciation in property values seen in the region.
Investment Opportunities and Potential
For potential investors, Gowanstown’s real estate market offers promising opportunities. The continuous increase in property values, coupled with substantial population growth, suggests that the demand for both residential properties and rental units will remain strong. Investment in single-family homes could be particularly lucrative given their higher appreciation rate compared to apartments.
Apartments also present an attractive investment opportunity due to their lower entry price point and stable year-over-year value increase. With the growing population and a trend towards smaller household sizes, there may be a rising demand for smaller living spaces such as apartments or condos.
Investors should also take note of the economic indicators and development plans within Gowanstown that could influence future property values. Infrastructure improvements, new business developments, or changes in zoning laws could all impact investment potential positively.
Future Market Outlook
The outlook for Gowanstown’s real estate market appears optimistic. Given the robust population growth rate and consistent upward trends in property values, we can anticipate further development within the housing sector. As long as economic conditions remain favorable and Gowanstown continues to attract residents through employment opportunities or lifestyle offerings, the demand for housing should keep supporting gradual price increases.
However, investors must remain vigilant about regional economic trends and potential shifts in housing policies that might affect market dynamics. Continuous monitoring of interest rates, employment statistics, and national economic performance remains crucial for accurately forecasting future trends within Gowanstown’s real estate market.
