Harvey, 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 Harvey, Ontario
In Harvey, Ontario, the real estate market is exhibiting steady growth. The median house price currently stands at $500,000, with a positive year-over-year increase of 3.5%. This indicates a healthy demand for residential properties. Similarly, the apartment sector shows a modest upward trend with the median apartment price at $300,000 and an annual growth rate of 2.1%. The population of Harvey has reached approximately 15,000 residents and is experiencing a notable growth rate of 7.1%, signaling potential for increased housing demand in the near future.
Investment Opportunities and Potential in Harvey, Ontario
The real estate market in Harvey offers promising investment opportunities due to its consistent growth patterns. Investors may find the housing market particularly enticing with a yearly appreciation rate that suggests stable returns on investment. The growing population also points to a sustained or increasing demand for housing, which could benefit both long-term property investors and developers looking to capitalize on new construction projects. Apartments may appeal to investors seeking lower entry points and maintenance requirements while still benefiting from the area’s overall positive performance.
Future Market Outlook for Harvey, Ontario
The outlook for Harvey’s real estate market remains optimistic based on current trends and demographic data. Given the robust population growth rate of 7.1%, it is reasonable to expect that housing demand will continue to rise, potentially driving further increases in property values over time. If the local economy remains strong and supports job creation, this could also contribute positively to the real estate market’s health by increasing purchasing power among residents. However, prospective investors should remain cognizant of broader economic conditions and regional policy changes that might influence future market dynamics.
