Greenfield, 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 Greenfield, Ontario
The real estate market in Greenfield, Ontario, is currently experiencing a period of steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area, reflecting consumer confidence and a robust local economy. Similarly, the median apartment price is $300,000, which has grown by 2.1% from the previous year. This slower growth rate suggests that the apartment market is slightly less dynamic than the housing market but still maintains positive momentum.
The population of Greenfield has reached 15,000 residents, showcasing an impressive growth rate of 7.1%. This influx of new residents is likely contributing to the demand for housing and helping to sustain the upward pressure on property values.
Investment Opportunities and Potential in Greenfield
The consistent rise in property values presents promising investment opportunities in Greenfield. The housing sector’s solid yearly growth offers potential for capital gains for those looking to invest in single-family homes. Given the strong population growth, rental properties could also provide stable income returns as more people look for residences in the area.
Apartments represent a more accessible entry point for investors due to their lower median price compared to houses. The steady increase in apartment prices may appeal to investors looking for lower-risk investments or those diversifying their portfolios.
Future Market Outlook for Greenfield Real Estate
The future outlook for Greenfield’s real estate market appears optimistic. Assuming current trends continue, driven by population growth and economic stability, it is reasonable to expect ongoing increases in property values at a measured pace. However, potential investors and homeowners should remain mindful of broader economic conditions that could impact interest rates and affordability.
The robust population growth not only fuels demand but also signals the potential for further development and infrastructure improvements within Greenfield. These enhancements could further bolster property values over time. As such, both short-term and long-term investment strategies have merit in this evolving market.
Cautiously optimistic projections would suggest that both the housing and apartment markets will maintain their upward trajectories while potentially offering openings for strategic investments with a balance of risk and reward appropriate for diverse investor profiles.
