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
Current Market Conditions and Trends
The real estate market in Guthrie, Ontario, is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation that may interest homeowners and investors alike. Similarly, apartments in Guthrie are becoming more valuable, with the median price reaching $300,000 and a growth trend of 2.1% over the past year.
This consistent growth in property values can be partially attributed to Guthrie’s population growth, which has been robust at 7.1%. This influx of new residents is likely driving demand for housing in the area, contributing to the upward pressure on prices. The balanced rate of price increases indicates a stable market without the volatility seen in some overheated areas.
Investment Opportunities and Potential
Given the steady increase in property values and significant population growth, Guthrie presents several attractive investment opportunities. The moderate yet consistent appreciation of both houses and apartments suggests that investments made now could yield solid returns over time. Particularly for those looking to invest in rental properties, the growing population implies a potential increase in rental demand, which could lead to higher occupancy rates and rental yields.
Furthermore, with median prices at accessible levels for both houses and apartments, there is an opportunity for a range of investors—from individuals seeking single-family homes to those interested in multi-unit apartment buildings—to enter the market.
Future Market Outlook
The future market outlook for Guthrie remains positive. The current trends indicate ongoing demand for residential properties driven by the town’s expanding population base. Assuming that economic conditions remain favorable and no unforeseen events disrupt the market dynamics, property values are likely to continue their gradual ascent.
Investors should stay informed about developments that could impact the local economy or housing regulations, as these factors could influence future market conditions. Nonetheless, Guthries’ real estate market appears poised for continued growth, making it an attractive option for both short-term investments and long-term property holdings.
