Harley, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| 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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 Harley, Ontario, is currently experiencing steady growth. The median house price stands at $520,000, with a year-over-year trend showing an increase of 4.2%. This indicates a healthy demand for houses in the area. On the other hand, the median apartment price is somewhat more accessible at $320,000, with a smaller yet positive year-over-year trend of 2.5%. The housing demand is further supported by a robust population growth rate of 3.3%, suggesting an influx of new residents and potential homebuyers into Harley.
Investment Opportunities and Potential
The current trends point towards significant investment opportunities within Harley’s real estate market. With consistent growth in property values, investors can anticipate continued appreciation in the value of both houses and apartments. The current increase in median house prices suggests that single-family homes may be particularly attractive for investors looking to capitalize on capital gains.
Apartments also present an opportunity for those interested in catering to a segment of the market that may prefer more affordable or smaller living spaces, possibly due to lifestyle choices or budgetary constraints. Given the ongoing population growth, rental demand is also likely to rise, which could benefit investors focused on generating rental income.
Future Market Outlook
The market outlook for Harley’s real estate sector remains optimistic based on the data presented. Should the population continue to grow at the current rate of 3.3%, housing demand is expected to remain robust. Both economic factors and demographic trends are likely to support sustained property value increases.
However, potential investors and stakeholders should monitor local economic developments, interest rates changes, and national housing policies that could influence future market conditions. While current trends are positive, maintaining agility and staying informed will be crucial for long-term success in Harley’s dynamic real estate environment.
