Hillsburgh, 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 Hillsburgh, Ontario is currently experiencing moderate growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable and growing housing market that is attracting interest from both buyers and sellers. Similarly, apartments in Hillsburgh have seen a price increase, albeit at a slightly lower rate of 2.1% year-over-year, to reach a median price of $300,000.
The consistent growth in property values reflects a healthy demand for housing options within the community. This upward trend can be partially attributed to the town’s population growth rate of 7.1%, which showcases an expanding local economy and an influx of new residents attracted by employment opportunities and the quality of life in Hillsburgh.
Investment Opportunities and Potential
Given the steady appreciation rates for houses and apartments, Hillsburgh presents itself as an attractive destination for real estate investors. The median prices suggest that there is significant potential for mid-range investments, catering to families and professionals looking for suburban comfort within commuting distance to larger urban centers.
The robust population growth further underscores the potential for rental properties as an investment avenue. With more people moving to Hillsburgh, rental demand is likely to increase, creating opportunities for investors to achieve sustainable rental yields. Additionally, as the town develops further infrastructure and amenities to support its growing populace, property values are expected to rise accordingly, benefiting long-term investment strategies.
Future Market Outlook
The future outlook of the Hillsburgh real estate market remains optimistic based on current trends and demographic indicators. Population growth is a strong catalyst for sustained demand in housing, both in sales and rentals. The trend in property value appreciation suggests that investing now could lead to considerable gains as the town continues to expand and attract new residents.
With economic conditions favoring development and a proactive community looking towards modernization and expansion, Hillsburgh is poised to remain a competitive market in Ontario’s real estate landscape. Investors should monitor local development plans closely as these will play a pivotal role in shaping the future market dynamics.