Haileybury, 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 Haileybury, Ontario is currently experiencing steady growth. The median house price in the region is at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy appreciation in property values, which is consistent with national trends that show a robust housing market despite global economic uncertainties.
In the apartment sector, the median price stands at $300,000, with a more modest year-over-year growth of 2.1%. This slower rate of increase could be attributed to a higher demand for single-family homes or a potential saturation in the apartment market segment.
The population of Haileybury is approximately 15,000 residents, and it has seen significant growth of 7.1%. This population increase can be both a driver and an indicator of the healthy real estate market, as it often leads to higher demand for housing.
Investment Opportunities and Potential
Given the steady appreciation in house prices and the continued population growth, Haileybury presents various investment opportunities. Investors may find potential in purchasing residential properties to cater to the growing population. Single-family homes are particularly appealing due to their higher appreciation rate.
Additionally, while apartments have seen slower growth in comparison to houses, they still offer investment opportunities—especially for those looking to tap into the rental market or seeking lower entry points into real estate investment.
The ongoing population growth suggests that there will be sustained demand for housing, which could lead to further development projects and infrastructure expansion. Investors should monitor zoning changes and urban planning initiatives as these can present new opportunities for development.
Future Market Outlook
The continued upward trend in property values coupled with robust population growth suggests a positive future outlook for Haileybury’s real estate market. If current conditions persist, investors can reasonably expect continued appreciation in property values over the mid to long term.
The area’s attractiveness may be further bolstered by economic development initiatives that could bring more jobs and residents into the region. However, potential investors should remain cognizant of broader economic factors such as interest rates and employment levels that could impact buyer affordability and influence market dynamics.
In conclusion, Haileybury’s real estate market shows promising signs for both current homeowners looking for value appreciation and potential investors seeking opportunities in a growing community.
