Hawkesville, 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 Hawkesville, Ontario currently presents a stable environment with positive growth indicators. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the market shows healthy demand for residential properties. Similarly, apartments follow a positive trajectory with a median price of $300,000 and a 2.1% annual price increase.
Demand in Hawkesville’s housing market is likely driven by its consistent population growth, which stands at a robust 7.1%. This growth suggests an influx of residents seeking accommodation, making it an attractive locale for homebuyers and investors alike. The current trends also indicate that the market is not experiencing volatile swings, providing a degree of predictability for stakeholders.
Investment Opportunities and Potential
Investors examining Hawkesville’s real estate landscape will find potential in both the single-family home and apartment sectors. Given the steady rise in median house prices, purchasing residential property could be considered a sound investment with the prospect of capital gains over time. Additionally, the growing population points to an enduring demand for rental properties, which could offer investors sustained rental income streams.
The apartment sector’s slightly lower growth rate compared to houses suggests affordability that might appeal to first-time buyers or individuals looking for lower-cost housing options. Investors focusing on apartments could capitalize on this segment by targeting young professionals or small families moving into the area.
Future Market Outlook
The future outlook for Hawkesville’s real estate market remains optimistic based on current trends and demographic data. The continued population increase should underpin demand for housing, bolstering the market’s stability. If these trends persist, both median house and apartment prices are expected to maintain a gradual ascent.
However, prospective investors and homebuyers should remain attentive to broader economic factors such as interest rates, employment levels within the region, and any changes in local industry that could affect housing demand. A comprehensive analysis considering these elements alongside current trends would provide a more nuanced forecast for Hawkesville’s real estate market future.
