Hillsdale, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Hillsdale, Ontario, currently displays stable growth, with the median house price sitting at $500,000 and experiencing a 3.5% year-over-year increase. This steady appreciation indicates a healthy demand for housing in the area. Similarly, apartments have seen a growth trend with a median price of $300,000 and a 2.1% year-over-year increase. These figures suggest that the market is growing at a modest pace, making it an inviting environment for potential homeowners who are looking for sustainable long-term value.
The population of Hillsdale has grown by 7.1%, signaling a strong demographic trend that could support ongoing real estate demand. The influx of residents can be attributed to Hillsdale’s economic opportunities, quality of life, or other attractive regional features that draw in newcomers.
Investment Opportunities and Potential
With the population in Hillsdale on the rise, investment opportunities are emerging particularly in residential real estate. Investors may find potential in single-family homes due to the higher growth rate in house prices compared to apartments. The steady increase suggests that there is consistent interest and less volatility which bodes well for long-term investments.
Apartments present an alternative investment opportunity with a slightly lower growth rate but potentially higher turnover, which could appeal to investors looking for rental income properties. Considering the population growth, there is likely to be continued demand for rental units, making multifamily dwellings an attractive asset class.
As with any investment decision, potential investors should consider current local economic factors, infrastructure developments, and future community plans that may impact property values.
Future Market Outlook
The future market outlook for Hillsdale appears promising given the current trends and demographic shifts. The consistent growth in property prices coupled with significant population increases suggests that demand is likely to remain robust in the foreseeable future. If these trends continue, Hillsdale can expect sustained or even increased rates of real estate appreciation.
However, investors and homebuyers should maintain vigilance over national economic indicators and regional policy changes that could affect mortgage rates, housing supply, and affordability. Monitoring these factors will be key to understanding the trajectory of Hillsdale’s real estate market down the line.
