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
In Harrow, Ontario, the real estate market is currently exhibiting stable growth. The median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This consistent rise in home values indicates a healthy demand for residential properties in the area. Similarly, apartments are also seeing an upward trend with the median price at $300,000 and a more modest annual growth rate of 2.1%. The population of Harrow has reached approximately 15,000 residents, with a notable population growth rate of 7.1%, which may be contributing to the sustained demand for housing.
Investment Opportunities and Potential
The positive trends in Harrow’s real estate market suggest that investment opportunities are present, particularly in the residential sector. With house prices continuing to rise at a steady pace, investors could see significant appreciation on their properties over time. Moreover, the strong population growth signals a potential for rental investments as well, given that an increasing number of people are likely seeking homes in the area. The slower growth rate for apartment prices compared to houses suggests there might be room for development and investment in multi-family units to meet this burgeoning demand.
Future Market Outlook
Looking ahead, Harrow’s real estate market appears poised for continued growth. The solid population increase is expected to maintain pressure on the housing supply, potentially driving prices further up if new construction does not keep pace with demand. Investors should monitor development plans and zoning changes closely as these will be critical factors influencing future market conditions. Given current trends and demographic shifts, the outlook for both residential property value appreciation and rental market strength remains optimistic.
