Harcourt, 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 Harcourt, Ontario is currently experiencing a period of steady growth. With a median house price set at $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a stable demand for housing in the area and reflects a healthy local economy. The median apartment price stands at $300,000, which has also grown but at a slower pace with a 2.1% year-over-year trend. The population of Harcourt is approximately 15,000 residents and has witnessed significant growth of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing and may be an indicator of further growth potential in the market.
Investment Opportunities and Potential
In light of the current trends, Harcourt presents several attractive investment opportunities. The consistent increase in property values suggests that purchasing real estate in this market could yield profitable returns over time. For investors looking at long-term capital gains, the single-family housing market appears robust due to its higher annual appreciation rate. Apartments also offer investment potential, particularly for those focused on rental income, as demographic growth may lead to increased demand for rental properties. Given the healthy population increase, there is potential for new development projects to cater to the growing housing needs of the community.
Future Market Outlook
The future outlook for Harcourt’s real estate market remains positive. The combination of steady price increases, robust population growth, and a strong local economy positions Harcourt as an appealing location for both residential living and real estate investment. Assuming current trends continue, investors can reasonably expect ongoing appreciation in property values. However, it’s important to remain vigilant regarding broader economic factors that could affect interest rates and borrowing costs, which in turn would impact buyer affordability and potentially cool the market. Nonetheless, based on existing data, Harcourt’s real estate market is poised for continued growth and offers promising opportunities for stakeholders.
