Grassie, 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 in Grassie, Ontario
In Grassie, Ontario, the real estate market is showing steady growth with the median house price currently standing at $500,000, which reflects a 3.5% increase year-over-year. This trend indicates a healthy demand for single-family homes in the area. The market for apartments is also experiencing growth but at a slightly lower rate; the median apartment price has risen to $300,000, showcasing a 2.1% increase year-over-year. These figures suggest a balanced development across different housing types in Grassie.
The population of Grassie has reached 15,000 residents with a robust growth rate of 7.1%. This substantial population increase is likely contributing to the sustained demand for housing and can be seen as a positive indicator for property owners and investors alike.
Investment Opportunities and Potential
The investment potential in Grassie’s real estate market appears promising given the consistent upward trajectory in housing prices. For investors looking at long-term equity growth, purchasing single-family homes could be particularly advantageous given the higher annual appreciation rate compared to apartments.
Investors may also consider exploring opportunities in developing or purchasing rental properties to cater to newcomers as the town’s population continues to expand. With a significant population growth rate, there will be an ongoing need for rental accommodations. The more moderate appreciation rate of apartments suggests that these could be accessible entry points for investors looking to capitalize on both rental income and capital appreciation over time.
Future Market Outlook
Assuming current trends persist, the future outlook for Grassie’s real estate market remains optimistic. The sustained population growth implies that demand for housing will continue, potentially leading to further price increases if the supply does not keep pace with demand.
However, prospective investors and homeowners should remain vigilant about broader economic conditions that could affect interest rates and borrowing costs. Additionally, keeping an eye on local developments such as infrastructure projects or changes in zoning laws will be crucial for those looking to make informed decisions about entering or exiting this market.
In summary, Grassie presents itself as an attractive locale for both residential living and real estate investment. Its growing population coupled with steady price appreciation across housing types spells out a positive forecast for those interested in the local property market.
