Greenfield, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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 Greenfield, Ontario, currently presents a stable environment with a modest growth trend. The median house price stands at $520,000, displaying a healthy year-over-year appreciation of 4%. This increment suggests a steady demand for housing in the area, which aligns with the town’s population growth. Apartments are also showing an upward trend, albeit at a more conservative pace, with the median apartment price at $310,000 and a year-over-year increase of 2.5%.
The town’s population has reached 15,500, and continues to grow at an annual rate of 3.3%. Such demographic expansion is an underlying driver for housing demand, potentially contributing to a sustained rise in property values. The current trends indicate that the market is vibrant and could be attractive for both homeowners looking to reside in Greenfield and investors seeking long-term capital gains.
Investment Opportunities and Potential
Given the steady market conditions, Greenfield presents various investment opportunities. The continuous population growth coupled with rising property values indicates potential for rental properties to generate stable yields. Investors can capitalize on the lower entry point of the apartment sector, with median prices around $310,000, while still benefiting from the general appreciation trend.
The 4% increase in house prices may attract investors looking for long-term equity growth through appreciation and possible leverage strategies. Additionally, new development projects could be anticipated to meet the growing housing demand from the increasing population. Investors should consider diverse strategies ranging from buy-and-hold to flipping properties within this growing market.
Future Market Outlook
The future outlook for Greenfield’s real estate market is cautiously optimistic. With a continuing upward trajectory in population growth and housing prices, the market is expected to maintain its momentum in the near term. However, investors and homebuyers should keep an eye on broader economic indicators such as employment rates, interest rates, and regional economic development plans that could influence market dynamics.
Assuming stability in these external factors, Greenfield’s real estate could continue to offer valuable opportunities for both residential buyers seeking a vibrant community to call home and investors pursuing attractive returns on investment. Stakeholders should monitor local developments closely as these will dictate market performance going forward.
