Highgate, 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 Highgate, Ontario, is currently experiencing steady growth with median house prices at $500,000, reflecting a year-over-year increase of 3.5%. Similarly, the median apartment price stands at $300,000, which has increased by 2.1% from the previous year. This growth is consistent and moderate, suggesting a healthy and stable market.
The population of Highgate has reached approximately 15,000 residents, with a notable population growth of 7.1%. This demographic trend indicates an expanding community that may contribute to continued demand for housing in the area.
Investment Opportunities and Potential
The positive trends in property value increases coupled with significant population growth position Highgate as an attractive location for real estate investment. The consistent appreciation in house and apartment prices suggests that investments made in the residential real estate sector have the potential for solid returns over time. Moreover, the robust population growth can lead to higher demand for rental properties, making it a promising market for investors looking to enter the rental market or expand their portfolio.
Future Market Outlook
The future outlook for Highgate’s real estate market appears optimistic. If current trends persist, such as the steady appreciation of property values and ongoing population growth, the market is likely to remain vibrant. The combination of these factors suggests that both short-term gains through resale and long-term revenue through rentals are viable strategies for investors.
However, potential investors should also consider external economic conditions and local developments which could impact these trends. It is advisable to monitor interest rates, employment rates, and infrastructure projects within Highgate as they can influence future market dynamics.
