Gravenhurst, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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 Gravenhurst, Ontario, is currently characterized by a steady increase in property values. The median house price stands at $520,000, reflecting a year-over-year growth of 4%. This suggests a stable demand for residential homes within the region. Similarly, apartments are experiencing a positive trend with the median price tagged at $310,000 and witnessing a 2.5% year-over-year increase. The market’s buoyancy can be partially attributed to Gravenhurst’s population which has seen an uptick, currently at 15,500, growing by 3.3%. Such demographic expansion often correlates with heightened housing demand.
Investment Opportunities and Potential
Investors considering Gravenhurst’s real estate market have several promising avenues due to consistent price appreciation. The steady climb in house prices indicates a robust market where investments could yield significant returns over time. Given the sustained population growth, rental properties offer potential for stable occupancy rates. Moreover, the area’s appeal as a cottage country destination drives seasonal rental opportunities, particularly for waterfront properties or those close to tourist attractions. Investors should also note the rising apartment values, which suggest a burgeoning market for smaller residential units—potentially driven by first-time homebuyers or downsizers.
Future Market Outlook
The future market outlook for Gravenhurst remains optimistic. Assuming current trends persist, the combination of population growth and ongoing demand is likely to sustain property value increases. Infrastructure improvements and community development projects could further enhance this trajectory by attracting new residents and businesses. However, investors and homebuyers should remain cognizant of broader economic factors that might impact interest rates or borrowing costs. Vigilance towards such external influences will be essential in ensuring informed investment decisions in Gravenhurst’s dynamic real estate environment.
