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 (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 Hillsdale, Ontario is currently exhibiting steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes that is consistent with broader national trends. Similarly, the median apartment price has risen to $300,000, reflecting a more modest year-over-year growth of 2.1%. This slower growth rate in the apartment sector may be indicative of a market with a good balance between supply and demand or possibly a shift in consumer preference towards houses.
With Hillsdale’s population expanding at an impressive rate of 7.1%, there is an influx of new residents seeking housing, which puts additional pressure on the local real estate market. This demographic trend is likely to sustain the demand for housing in both the rental and buyer segments.
Investment Opportunities and Potential
The positive growth rate in property values presents multiple avenues for investment opportunities. The consistent rise in house prices suggests that investing in residential properties could yield substantial returns over the long term. Given the current trend, investors might favor single-family homes that are appreciating at a faster rate than apartments.
Moreover, with the noteworthy population growth in Hillsdale, there is potential for development projects to meet increasing housing demands. Investors could consider engaging in new construction projects or renovating existing properties to cater to the influx of residents seeking modern living spaces.
Future Market Outlook
The future market outlook for Hillsdale’s real estate appears promising. Assuming that current economic conditions persist and population growth continues at its current pace or accelerates, there will likely be sustained upward pressure on property prices. Long-term investors could benefit from this trend as housing demand is anticipated to remain robust due to demographic factors.
However, potential investors should also be aware of macroeconomic factors such as interest rates and employment levels which can affect affordability and subsequently impact local real estate markets. Careful consideration of these external influences should be factored into any investment decision-making process.
In conclusion, Hillsdale represents a burgeoning market with healthy price appreciation rates that signal both short-term stability and long-term growth potential for investors and homeowners alike.
