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, the real estate market is characterized by steady growth and moderate price appreciation. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, alongside a supply that keeps prices from escalating too rapidly. On the other hand, the median apartment price is reported to be $300,000, with a slower appreciation rate of 2.1% year-over-year. This contrast in growth rates between houses and apartments may reflect a market that is more oriented towards single-family homes or that sees greater demand in this sector.
Investment Opportunities and Potential
The real estate market in Grassie offers various investment opportunities, particularly considering the town’s population growth rate of 7.1%. Such demographic expansion is typically a positive indicator for real estate investors as it can lead to increased demand for housing. Investors should consider both short-term returns through rental income—supported by the growing population—and long-term capital gains from the continued appreciation of property values. With houses showing stronger price growth compared to apartments, single-family homes might present more attractive investment opportunities for those looking at higher value appreciation potential.
Future Market Outlook
The outlook for Grassie’s real estate market appears promising. The sustained population growth coupled with manageable increases in property values suggests a balanced market poised for stable expansion. Assuming current economic conditions persist—such as employment rates and interest rates—the market should maintain its trajectory of moderate growth. However, investors and homebuyers should stay informed on local economic developments and infrastructure projects that could impact future property values and demand dynamics in Grassie.
