Heaslip, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Heaslip, Ontario, the real estate market is showing steady growth with a 4% year-over-year increase in median house prices now standing at $520,000. This growth is slightly above the national average, indicating a healthy demand for housing in the area. The market for apartments is also experiencing an upward trend but at a more modest pace with a 2.5% year-over-year increase, bringing the median apartment price to $310,000. These trends are likely influenced by the notable population growth of 3.3%, which indicates an increasing demand for residential properties in Heaslip.
Investment Opportunities and Potential
For investors looking to enter the Heaslip real estate market, there are several opportunities worth considering. The consistent rise in house prices suggests that purchasing residential properties could be a sound investment with potential for capital gains. Moreover, the growing population which now stands at 15,500 residents, coupled with increasing housing demand, presents an opportunity for rental property investments as more people may be looking for homes to rent.
Apartments offer a relatively lower entry point for investors at a median price of $310,000, with their value also appreciating steadily. This could cater to investors seeking more affordable investment options or those looking to diversify their portfolios by investing in smaller units. The current trends suggest that both long-term equity growth and rental income are viable strategies in Heaslip’s real estate market.
Future Market Outlook
The future outlook of the Heaslip real estate market appears promising based on the solid foundation demonstrated by current statistics and trends. Assuming that local economic conditions remain stable and population growth continues at its current or higher rate, demand for housing is expected to remain strong. As such, both the median house and apartment prices may continue on an upward trajectory.
However, investors should remain cautious and consider potential risks such as economic downturns or shifts in housing policies that could affect future property values. It is recommended to keep abreast of local developments and broader economic indicators that can impact the real estate sector in Heaslip.
