Greely, 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
The real estate market in Greely, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market reflects a healthy demand for single-family homes. Similarly, apartments are growing in value, though at a slightly slower rate of 2.1% year-over-year, with a median price point of $300,000. These trends indicate a balanced market that is gradually appreciating over time.
Greely’s population has recently seen significant growth, with a 7.1% increase that suggests ongoing interest and investment in the area. This influx of new residents can be attributed to Greely’s appeal as a suburban community with proximity to Ottawa’s urban amenities. The consistent population growth is likely contributing to the steady increase in housing demand and prices.
Investment Opportunities and Potential
Given the current trajectory of market trends, Greely presents several promising investment opportunities. The continued appreciation of home values suggests that investing in residential properties could yield positive returns over time. Both median house and apartment prices are on an upward trend, which may attract investors looking for long-term capital gains.
For those interested in rental properties, the population growth indicates potential for a strong rental market. As new residents seek housing, demand for rental units could rise, potentially leading to higher rental yields for investors.
Future Market Outlook
Looking forward to the future real estate market in Greely, indicators such as population growth and consistent property value appreciation suggest a positive outlook. If these trends continue along with economic stability and favorable mortgage rates, we can anticipate ongoing strength in the housing market.
It is essential to monitor external factors that could impact the real estate environment like changes in government policy, shifts in interest rates, or broader economic fluctuations. However, assuming stable conditions persist, investors and homeowners in Greely can look forward to continued growth and the potential for sound investments.
