Harley, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Harley, Ontario
In Harley, Ontario, the real estate market is currently experiencing a steady growth. The median house price stands at $520,000, which reflects a healthy 4% increase year-over-year. This indicates a resilient housing segment that appeals to buyers in search of stability and incremental growth. Similarly, the apartment sector is also showing positive momentum with a median price of $310,000 and a slightly more modest year-over-year increase of 2.5%. This consistent upward trend suggests a balanced market where both housing types are steadily appreciating in value.
The population of Harley has been growing at a rate of 2.7%, which can contribute to the demand for housing and support the current positive trends in property values. An increasing population often leads to greater demand for services and infrastructure, which in turn can have beneficial effects on property values and investment potential within the community.
Investment Opportunities and Potential in Harley, Ontario
Given the prevailing market conditions, Harley presents several attractive investment opportunities. The steady increase in property values suggests that purchasing real estate in this area could be a sound long-term investment. For investors looking for immediate rental income as well as long-term capital gains, both houses and apartments offer potential avenues for investment.
The sustained population growth further bolsters the potential for real estate investments as it may lead to an increased demand for rental properties. Investors may find opportunities in acquiring properties to cater to new residents or those looking for upgraded living spaces due to lifestyle changes spurred by demographic shifts such as family formation or downsizing by older adults.
Additionally, with house prices appreciating at a faster rate than apartments, investing in single-family homes may offer better capital gains prospects. However, apartments might appeal to investors seeking lower entry points into the real estate market or those looking to target specific demographics such as young professionals or small families.
Future Market Outlook for Harley, Ontario
Looking forward, the real estate market in Harley is poised to maintain its growth trajectory. The consistent appreciation of property values coupled with ongoing population increases lays a positive foundation for future outlooks. If current trends continue, investors can reasonably expect further incremental growth in both house and apartment values.
An important factor contributing to this outlook is the continued economic development within Harley and its surrounding areas which may lead to job creation and an influx of new residents seeking employment opportunities. However, it’s crucial for investors to monitor any economic changes or shifts in local policies that could impact property values and rental demand.
Overall, while no market is without risk, Harley’s stable growth patterns suggest that it remains an appealing area for both residential buyers and real estate investors alike. Prudent investors should continue to watch key indicators such as population growth rates, employment levels, and planning developments to inform their strategies moving forward.
