Guthrie, 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
1. Current Market Conditions and Trends
The real estate market in Guthrie, Ontario, is currently experiencing steady growth. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This rate indicates a healthy demand for houses in the area, with prices rising at a moderate pace that is slightly above inflation levels.
Similarly, the apartment market is also showing an upward trajectory with the median apartment price at $300,000 and a year-over-year growth of 2.1%. This suggests that while the apartment market is growing, it is doing so at a more conservative rate compared to houses. This slower growth rate could be attributed to a variety of factors including a larger inventory of apartments or different demand dynamics in the housing market.
Guthrie’s population has experienced significant growth at 7.1%, indicating an influx of new residents and potential homebuyers into the area. This population increase is likely contributing to the sustained demand for housing and can be seen as a positive sign for continued market health.
2. Investment Opportunities and Potential
The steady growth in property values coupled with substantial population growth creates considerable investment opportunities in Guthrie’s real estate market. Investors should note that the consistent rise in house prices suggests resilience and a positive investor sentiment towards single-family homes.
The apartment sector, despite its slower growth rate, also presents potential for investors who are looking for more affordable entry points into the property market or those interested in rental income properties. With the ongoing population increase, demand for rental properties may continue to rise, potentially leading to higher rental yields over time.
Moreover, given that both housing types have shown positive price trends without any signs of overheating, there could be opportunities for long-term appreciation in value. Investors should consider local development plans and infrastructure improvements which may further enhance property values in specific areas within Guthrie.
3. Future Market Outlook
The future outlook for Guthrie’s real estate market appears promising based on current trends and demographic shifts. If the population growth continues at its current pace or accelerates due to factors such as employment opportunities or lifestyle changes favoring smaller communities, we can expect ongoing demand for housing.
The steady increase in property prices suggests that Guthrie may continue to see sustainable growth rather than rapid spikes that could lead to volatility. As long as economic conditions remain favorable and interest rates are managed effectively by policymakers, Guthrie’s real estate market should maintain its upward trajectory.
In conclusion, potential investors and homebuyers can view Guthrie as an attractive market with continued potential for growth and investment returns. However, as with any investment decision, it is crucial to conduct thorough research and consider local market conditions before proceeding.
