Granton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $440,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Granton, Ontario, is currently experiencing steady growth. The median house price in the region sits at $520,000, which marks a 4.2% year-over-year increase. This indicates a healthy demand for single-family homes and a robust residential real estate sector. Moreover, the median apartment price is registered at $310,000, with a slightly more modest year-over-year increase of 2.5%. This disparity between house and apartment price trends suggests that houses are in higher demand than apartments, potentially due to families seeking more space.
The population of Granton stands at 15,500 residents with a significant growth rate of 3.3%. This population increase can be attributed to both natural growth and migration, which is likely fueling the housing demand. The current market conditions suggest that the real estate market in Granton is thriving with a strong attraction for homebuyers and investors alike.
Investment Opportunities and Potential
Given the current market trends, there are several promising investment opportunities in Granton’s real estate sector. The consistent increase in housing prices indicates a stable appreciation trend, offering potential long-term gains for investors holding residential properties. With the median house price growing at over 4% annually, investors could see a robust return on investment from purchasing single-family homes.
Apartments present a more affordable entry point into the property market for investors, showing a steady appreciation trend as well with a 2.5% annual increase. As such, they offer an attractive option for rental investments given the ongoing population growth. Investors should also consider the potential for development projects to meet the rising housing demand driven by demographic expansion.
Future Market Outlook
The future market outlook for Granton’s real estate remains optimistic. The sustained population growth rate of 3.3% will likely continue to underpin the demand for housing in the region. Barring any unforeseen economic downturns or regulatory changes that may affect the housing market negatively, both house and apartment prices are expected to maintain their upward trajectory.
The local economy and infrastructure developments will play crucial roles in shaping future trends. Investors and homebuyers should monitor these factors closely as they can significantly influence property values and rental market dynamics.
In conclusion, Granton’s real estate market is characterized by positive growth indicators and presents attractive opportunities for investors looking for capital appreciation or income generation through rentals. Careful analysis of specific locations within Granton and consideration of broader economic conditions will be key in identifying the most lucrative investments as the market continues to evolve.
