Hanmer, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Hanmer, Ontario, is currently characterized by a steady growth in property values. With the median house price standing at $495,000, the market has observed a year-over-year increase of 3.2%. This consistent growth pattern indicates a healthy demand for housing in the area. Similarly, apartment properties have also experienced a positive trend with a median price of $295,000 and a 2.5% year-over-year increase.
These trends reflect a stable real estate environment likely driven by Hanmer’s rising population, which has grown by 2.7%. The influx of residents may be contributing to the ongoing demand for housing, pushing property values incrementally higher. It’s important for potential buyers and investors to note that while growth is present, it remains relatively moderate, which could signal balanced market conditions without signs of overheating.
2. Investment Opportunities and Potential
Hanmer presents several investment opportunities particularly due to its steady population growth and consistent appreciation of property values. Investors looking into residential properties can expect continuous demand as the local population expands. Single-family homes, given their median price point of $495,000 and following the current trend, are likely to provide stable capital gains over time.
Apartments are also an attractive investment option in Hanmer with their more affordable median price of $295,000. These properties are particularly appealing for first-time homebuyers or individuals seeking lower-cost housing options. Investors may capitalize on this segment by targeting rental markets or looking for value-add opportunities through renovation and repositioning strategies.
3. Future Market Outlook
The future outlook for Hanmer’s real estate market remains cautiously optimistic. As long as the population continues to grow at the current rate of 2.7%, demand for housing should persist, potentially driving further price increases although likely at modest rates as seen with the current trends.
The key indicators suggest that Hanmer is not experiencing speculative growth but rather organic expansion supported by demographic trends. This type of growth is generally sustainable over the long term and less susceptible to sharp corrections. However, investors and homeowners should remain vigilant about regional economic factors and national policy changes that could affect interest rates or borrowing conditions which in turn may impact the real estate market dynamics.
