Granton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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
As of the latest data, the real estate market in Granton, Ontario is experiencing a steady growth pattern. The median house price in the region stands at $510,000, with a year-over-year increase of 3.2%. This indicates a robust and healthy property market that is slightly outperforming inflation rates, suggesting that housing demand remains strong.
In contrast, the apartment sector is showing a slightly softer growth trend. The median apartment price is currently $305,000, with an annual appreciation rate of 2.5%. This slower rate may reflect a more significant supply or less demand for apartments compared to houses in the area.
The population of Granton has reached 15,200, with a growth rate of 2.7%. This population increase is likely contributing to the demand for housing and is a positive indicator for the local real estate market’s vitality.
Investment Opportunities and Potential
The sustained growth in house prices coupled with continuous population expansion suggests that Granton offers promising investment opportunities. Investors should be confident that the market shows an enduring demand for residential properties. With houses experiencing higher growth rates than apartments, single-family homes and townhouses may represent more lucrative investment options.
The current trends indicate that investing in Granton’s real estate could yield profitable returns over time. Investors might also consider exploring development opportunities given the population growth, which could lead to increased demand for new housing units.
Future Market Outlook
The future outlook for Granton’s real estate market remains optimistic based on current trends and demographic data. The consistent rise in property values and steady population growth point towards a continuing upward trajectory for the housing market.
If these trends persist, we can anticipate further increases in property values over the coming years. However, potential investors and homeowners should remain vigilant about any economic changes that could affect interest rates or employment levels, as these factors could impact market conditions.
In conclusion, Granton’s real estate market appears stable with promising prospects for both short-term gains and long-term investments. As always, potential buyers and investors should conduct comprehensive research or consult with real estate professionals before making any financial commitments.
