Holyrood, 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 Holyrood, Ontario is experiencing steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This growth is a positive sign for the stability of the housing market in this region. Similarly, apartment prices have seen a rise to a median of $300,000, increasing by 2.1% from the previous year.
The population of Holyrood has been growing at a healthy rate of 7.1%, indicating an increased demand for housing. This influx of residents can be attributed to Holyrood’s appeal as a residential area with potential economic opportunities and its proximity to larger employment centers.
Additionally, the market has witnessed a diversification in property types available, catering to various segments including families looking for single-family homes and professionals searching for apartments or townhouses.
Investment Opportunities and Potential
The consistent growth in property values coupled with the rising population suggests that Holyrood presents a promising opportunity for real estate investors. The incremental yet stable increase in house and apartment prices indicates that investments made in the current market are likely to appreciate over time.
With the population expansion, there is potential for rental properties to become increasingly lucrative. Investors could see substantial returns on investment from both long-term capital gains and immediate rental income. Moreover, new developments and projects may arise to accommodate the growing population, presenting further opportunities for real estate development and investment.
Future Market Outlook
Looking ahead, the real estate market in Holyrood is expected to maintain its upward trajectory. The continued population growth will likely fuel demand for housing across all sectors. Assuming that economic conditions remain favorable and employment opportunities in or around Holyrood continue to expand, the market should stay robust.
Investors and homebuyers can remain cautiously optimistic about purchasing property in Holyrood as historical data trends indicate progressive growth without extreme volatility. However, potential changes in interest rates, government policies affecting real estate, and broader economic factors should be monitored closely as they can affect future market conditions.
In conclusion, Holyrood’s real estate market is currently characterized by stable growth and offers promising investment opportunities with a positive outlook supported by demographic trends and historical price appreciation.
