Greensville, 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 Greensville, Ontario, the real estate market is currently experiencing moderate growth. With a median house price of $500,000, there has been a year-over-year increase of 3.5%. This steady appreciation in housing prices indicates a healthy demand in the market. Furthermore, the median apartment price stands at $300,000, with a slightly lower year-over-year growth of 2.1%. This differential suggests that houses are experiencing a higher demand relative to apartments, which could be due to preference for more spacious living arrangements or investment prospects.
The demographic trends in Greensville also support the growing housing market. With a population of 15,000, there has been a notable population growth of 7.1%. This increase in residents is likely driving demand for both rental and owner-occupied housing.
Investment Opportunities and Potential
The current market conditions in Greensville offer promising investment opportunities. The consistent growth in house prices paired with a substantial population increase suggests that acquiring residential properties could yield favorable returns over time. Investors may find particular interest in single-family homes given their higher rate of appreciation.
Apartments present a different kind of opportunity; their price trend indicates a more affordable entry point for investors looking to enter the rental market or for first-time homebuyers. With the increasing population, demand for rental accommodations is expected to rise, potentially leading to higher rental yields and occupancy rates for investors.
Future Market Outlook
The future outlook for Greensville’s real estate market remains optimistic. Considering the steady growth in property values and the robust population expansion, this trend is anticipated to continue. The sustained influx of new residents will likely keep the demand for housing strong. As long as economic conditions remain favorable and infrastructure development keeps pace with population growth, Greensville should maintain its appeal as an attractive location for real estate investment.
Cautions about potential market saturation or economic downturns should be heeded by investors as well; however, current data points towards a sustained period of growth in both the short and medium-term. Market watchers should keep an eye on interest rate movements, employment statistics, and government housing policies as these factors can significantly influence future market dynamics.
