Hintonburg, 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
1. Current Market Conditions and Trends
The real estate market in Hintonburg, Ontario, has demonstrated consistent growth over the past year. With a median house price of $500,000 and an annual appreciation of 3.5%, the residential sector remains strong. Similarly, apartments are gaining value with a median price point of $300,000 and a year-over-year increase of 2.1%. This steady upward trend in property values indicates a healthy demand for housing in the area.
The population of Hintonburg has seen significant growth at a rate of 7.1%. This influx of residents can be attributed to the neighborhood’s rising appeal among homebuyers and renters due to its amenities, location, and community vibe. The sustained population growth is expected to continue driving the demand for housing, supporting both the rental and sales markets.
2. Investment Opportunities and Potential
Investment opportunities in Hintonburg are promising due to the region’s robust economic indicators. Properties such as single-family homes and apartments offer potential for capital gains given their respective price trends. Investors could capitalize on the growing population by focusing on rental properties which are likely to see increased demand as more individuals move to the area.
With the current median house price sitting at half a million dollars and showing consistent appreciation, investing in residential real estate could yield substantial long-term returns. Apartments present a more accessible entry point for investors at $300,000 while still offering appreciable growth evidenced by their positive trend line.
3. Future Market Outlook
The future market outlook for Hintonburg appears optimistic based on current trends and demographic shifts. The ongoing population growth will likely persist as the area’s attractiveness draws new residents seeking quality living within Ontario. Given this context, it is reasonable to forecast continued appreciation in property values across both houses and apartments.
While market conditions remain influenced by broader economic factors including interest rates, employment levels, and general economic health, Hintonburg’s real estate market is poised for sustained growth if current local trends persist. Investors and homebuyers alike should consider these dynamics when making decisions about entering or expanding their presence in this vibrant market.
