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 currently exhibits a steady growth pattern, as indicated by the incremental increases in property values. The median house price standing at $500,000 reflects a year-over-year increase of 3.5%, suggesting a healthy demand for residential homes. Concurrently, the market for apartments is showing a more modest ascension with the median apartment price rising to $300,000, which marks a 2.1% year-over-year increase.
This growth aligns with the notable population expansion of 7.1%, which has brought the town’s population to approximately 15,000 residents. Such demographic trends often correlate with increased housing demand, thereby supporting the current upward trajectory in property valuations.
Investment Opportunities and Potential
Gowanstown presents promising investment opportunities particularly in residential real estate due to its consistent market growth. Investors may find the single-family home segment especially attractive given the higher annual appreciation rate. The continuous influx of new residents suggests that rental properties could also benefit from long-term stability and occupancy.
Apartments offer an accessible entry point for investors, with a lower median price point but still positive appreciation trends. As population growth continues to fuel housing demand, both rental and ownership markets are expected to remain robust, offering potential for capital gains and steady rental yields.
Future Market Outlook
The future real estate market outlook for Gowanstown remains optimistic based on current trends and demographic indicators. Assuming consistent local economic development and infrastructure investments, the region is poised for sustained growth over the coming years.
The steadfast rise in property values coupled with strong population growth suggests that both supply and demand will continue to drive the market forward. As such, Gowanstown’s real estate market stands as a compelling option for both homeowners looking to settle in a burgeoning community and investors seeking solid returns on investment.
