Hawkesbury, 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 Hawkesbury, Ontario, the real estate market is currently characterized by a steady growth in property values. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% over the previous year. This consistent upward trajectory indicates a healthy demand for housing in the area.
The population of Hawkesbury has reached approximately 15,000 residents and is expanding at a rate of 7.1%. This significant population growth underpins the real estate demand and contributes to the positive performance of the housing market. Additionally, as more people seek properties in Hawkesbury, this could continue to put upward pressure on both home prices and rental rates.
Investment Opportunities and Potential
The steady increase in property prices and a robust population growth suggest that Hawkesbury offers promising investment opportunities. Real estate investors may find potential in both residential and rental markets due to the increasing demand driven by population expansion. The consistent rise in property values can lead to long-term capital gains for those investing in houses or apartments.
With the current trends indicating strong market health, investors might also explore opportunities such as flipping properties or developing real estate given that there may be an undersupply of housing if population growth continues at its current pace. Investors should monitor local development plans and zoning changes as these can affect future supply and demand dynamics.
Future Market Outlook
The future outlook for Hawkesbury’s real estate market remains optimistic based on current indicators. Assuming the continuation of current economic conditions and population trends, the market is expected to maintain its growth momentum. However, potential buyers and investors should be aware that external economic factors—including interest rates and employment shifts—can impact market conditions.
Growing communities nearby may also influence Hawkesbury’s market by providing alternative options for homebuyers or affecting regional infrastructure developments. Nevertheless, as long as the local economy remains stable with ongoing population increases, Hawkesbury’s real estate market is poised for continued prosperity.
