Harrow, 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 Harrow, Ontario, is currently experiencing a steady growth phase. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent uptick in prices indicates a healthy demand for housing in the region. Meanwhile, the apartment sector shows a more modest growth trend, with median prices at $300,000 and an annual price increase of 2.1%. The market’s vitality is further underscored by Harrow’s growing population, which has seen a significant rise of 7.1% recently.
Investment Opportunities and Potential
Harrow’s real estate market presents several attractive investment opportunities. The robust population growth suggests an increasing demand for housing, which could drive up property values over time. Investors may find particular potential in single-family homes due to their higher appreciation rate compared to apartments. Given the steady house price trend, long-term investments could yield substantial returns as the market continues to grow. Additionally, rental properties could benefit from the population surge as new residents seek temporary accommodation before purchasing homes.
Future Market Outlook
The future outlook for Harrow’s real estate market remains positive. The sustained population growth implies that the demand for residential properties will continue to rise. With the current trends showing moderate but steady increases in property values, investors can expect continued growth in the housing sector without the volatility seen in some overheated markets. While external economic factors can impact these projections, current data points towards a stable and promising future for real estate in Harrow.
