Greensville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $850,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $700,000 |
| 3 bedrooms | $850,000 |
| 4 bedrooms | $1,000,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Greensville, Ontario is currently experiencing stable growth. With a median house price of $850,000, the market has seen a year-over-year increase of 2.8%, indicating consistent demand for housing within the region. Similarly, the median apartment price in Greensville stands at $450,000, with a more modest growth rate of 1.5% over the past year.
The population of Greensville is on the rise with a healthy growth rate of 3.2%, which suggests an expanding community that could contribute to sustained demand for housing. This population increase is likely to apply upward pressure on both prices and rental rates in the future.
Investment Opportunities and Potential
Given the steady growth in both property values and population size, Greensville presents promising investment opportunities for both residential and income properties. The current trends point towards a strong potential for capital appreciation, especially considering the relatively high year-over-year growth rate for house prices compared to apartments.
Investors looking to capitalize on rental income may find apartments particularly interesting due to their lower entry price point and the growing population that may drive rental demand. Long-term investors could benefit from acquiring properties now to leverage further market gains as the town continues to expand.
Future Market Outlook
The future outlook for Greensville’s real estate market remains positive. Given the steady population increase and economic stability of the region, it is reasonable to anticipate ongoing demand for housing. If current trends persist, both median house and apartment prices are expected to continue their gradual ascent.
However, investors should remain cognizant of broader economic factors such as interest rates, employment levels in nearby urban centers, and any changes in local land-use policies that could impact future property values. Monitoring these factors will be critical in making well-informed investment decisions in Greensville’s dynamic real estate market.
