Hanmer, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hanmer, Ontario, is currently experiencing a steady growth trend. The median house price sits at $510,000, showing a healthy 4% year-over-year increase. This indicates a stable appreciation of property values in Hanmer, which may be attributed to several factors such as the area’s appeal to homebuyers seeking residential stability and the overall economic health of the region.
In contrast, the market for apartments is also growing but at a slightly slower pace. The median apartment price is currently $295,000, with an apartment price trend of 2.5% year-over-year growth. This suggests that smaller housing units are also in demand, possibly driven by single professionals or smaller households seeking affordable housing options.
The local population has reached 15,500 residents, with an impressive population growth rate of 3.3%. This influx of new residents can be seen as a contributing factor to the increased demand for housing and could continue to support the steady rise in property values.
Investment Opportunities and Potential
Hanmer’s real estate market presents substantial opportunities for investors. Given the consistent increase in property values and a strong population growth trend, investing in residential properties could yield considerable returns over time. Single-family homes have shown more robust growth and may offer better long-term capital gains due to their higher appreciation rate.
Apartments represent a different type of investment opportunity, with a slightly lower growth rate but potentially higher rental yields due to their affordability and appeal to a segment of the population that prefers less expensive, more manageable living spaces.
The ongoing population increase suggests that there will be a sustained demand for rental properties. Investors looking for cash flow could benefit from purchasing rental units to cater to this expanding demographic.
Future Market Outlook
The future outlook for Hanmer’s real estate market appears promising. With continued population growth and increasing home values, both housing and apartment markets are expected to maintain their positive trajectories. If current trends persist, investors and homeowners alike may see further appreciation in property values over the coming years.
Careful monitoring of economic indicators and demographic shifts will be crucial for those participating in or considering entering the Hanmer real estate market. Factors such as employment rates, infrastructure development, and interest rates will play pivotal roles in shaping the future landscape of this local market.
In summary, Hanmer offers an attractive environment for real estate investment based on current market conditions, trends, and a positive outlook on future growth potential.
