Heaslip, 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 | $420,000 |
3 bedrooms | $500,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $350,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,400 |
Population Change | 4.2% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 6.0 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Heaslip, Ontario, the real estate market is currently experiencing moderate growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This steady rise indicates a healthy demand for housing, reflecting consumer confidence and a robust local economy. On the other hand, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% over the past year. The differential in growth between houses and apartments may suggest that single-family homes are in higher demand relative to apartments.
With a population of 15,000 that is expanding at an annual rate of 4.2%, Heaslip is attracting new residents at a notable pace. This population growth can be attributed to factors such as employment opportunities, quality of life, and affordability compared to larger urban centers. The increasing population is likely to continue fueling housing demand, impacting both rental and sale markets.
Investment Opportunities and Potential
The current trends in Heaslip’s real estate market present several investment opportunities. Investors considering entering this market can expect stable appreciation in property values due to consistent population growth and sustained demand. Single-family homes appear particularly promising given their stronger price trend compared to apartments.
Moreover, with the population expanding rapidly, there’s potential for development projects that cater to new residents seeking housing. Investors could consider strategies such as buy-and-hold residential properties to capitalize on potential rental income increases or explore new construction projects to meet the growing housing needs.
Future Market Outlook
Looking forward, Heaslip’s real estate market appears poised for continued growth. Assuming that the current economic conditions persist and population growth maintains its trajectory, demand for housing should remain strong. The steady increase in median house and apartment prices indicates a market that is gradually appreciating without signs of overheating.
Investors and homebuyers should monitor key indicators such as employment rates, infrastructure developments, and interest rates as they can significantly affect market dynamics. However, barring any unforeseen economic shifts or policy changes that impact real estate directly, Heaslip’s market outlook remains positive with sound investment potential over the coming years.