Hagar, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hagar, Ontario is currently experiencing steady growth. With a median house price of $485,000 and an annual appreciation rate of 2.9%, the market is showing healthy upward momentum. Similarly, the median apartment price stands at $295,000, having risen by 1.9% over the past year. These statistics suggest that Hagar’s real estate market is growing at a stable pace.
The population of Hagar is 15,500 and has been growing at a rate of 3.3%, indicating an increasing demand for housing. This demographic trend could further push up property values as more people look for homes in the area.
Investment Opportunities and Potential
Given the stable growth in property values and the increasing population, Hagar offers promising investment opportunities. The housing market appears to be on an upward trajectory which may attract investors looking for capital gains. Rental properties also have potential due to the population growth, suggesting a rising demand for rental units.
Investing in apartments could be particularly attractive given their lower median price point and steady price increase. Investors should note that the slightly lower appreciation rate for apartments compared to houses indicates a more gradual return on investment, which might align well with long-term investment strategies.
Future Market Outlook
The future outlook for Hagar’s real estate market remains optimistic. Population growth will likely continue to drive housing demand, potentially leading to tighter inventory levels and upward pressure on prices. If current trends persist, investors may see sustained appreciation in property values over the coming years.
However, investors should remain attentive to broader economic conditions and local developments that could impact the real estate market. Factors such as employment rates, infrastructure projects, interest rates, and government policies can influence future market dynamics in Hagar.
