Harwood, 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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Harwood, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy and sustainable growth. Similarly, apartments in the area are also seeing a positive trend with a median price of $300,000 and a year-over-year increase of 2.1%. This growth is supported by Harwood’s population expansion, which has surged by 7.1%, indicating a burgeoning demand for housing in the community.
Investment Opportunities and Potential
For investors eyeing Harwood’s real estate market, there are promising opportunities particularly in residential properties due to the consistent uptick in population. The steady rise in house prices suggests that purchasing property in this region could yield considerable returns over time. Rental investments also appear lucrative as the influx of residents may lead to higher demand for rental units. Furthermore, apartments present an accessible entry point into the market for investors with a lower capital outlay while still benefiting from the area’s overall positive price trajectory.
Future Market Outlook
The future outlook for Harwood’s real estate market remains optimistic. Given the substantial population growth and ongoing development in the region, it is anticipated that both demand and property values will continue to climb. This upswing offers a reassuring environment for both homeowners looking to accumulate equity and investors seeking capital gains or rental income. While current trends provide a favorable snapshot, prospective buyers and investors should monitor local economic factors, interest rates, and national real estate policies that could influence future market conditions.
