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
1. Current Market Conditions and Trends
In Hawkesville, Ontario, the real estate market is experiencing moderate growth. With the median house price currently at $500,000, we’ve observed a steady year-over-year increase of 3.5%. This suggests that the market is healthy and growing at a sustainable pace. Meanwhile, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This difference in growth rates could reflect a stronger demand for houses in the region, possibly due to demographic trends or buyer preferences for more spacious living accommodations.
The population of Hawkesville has reached 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents may be contributing to the steady demand for housing in the area and could potentially drive prices up further should the trend continue.
2. Investment Opportunities and Potential
The consistent increase in property values combined with the significant population growth presents appealing investment opportunities in Hawkesville’s real estate market. The demand for housing is expected to remain strong due to the population rise, which often correlates with increased rental demand. Investors looking to purchase properties for rental income might find this market particularly attractive.
Moreover, given that house prices are appreciating at a faster rate than apartment prices, investing in single-family homes might offer a better capital gains potential in the long term. However, apartments can still be an excellent opportunity for those looking to enter the market at a lower price point while still benefiting from appreciation and rental income.
3. Future Market Outlook
The future outlook for Hawkesville’s real estate market appears promising. Assuming that current economic conditions persist and population growth continues at its current or higher rate, we can expect ongoing demand for housing which should support continued property appreciation. The moderate yet steady year-over-year price increases indicate a balanced market less prone to volatile swings often seen in overheated markets.
An important factor that could influence future trends is local economic development. If Hawkesville attracts new businesses or industries that offer employment opportunities, this could further bolster both population growth and real estate values. Monitoring these potential developments will be crucial for accurately forecasting long-term trends in the housing market.
Investors should keep an eye on interest rates and governmental housing policies as well since these factors can also impact buyer affordability and investment returns. Overall, current indicators suggest that Hawkesville’s real estate market holds considerable potential for both homebuyers and investors alike.
