Howdenvale, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Howdenvale, Ontario, is currently experiencing steady growth. With a median house price of $520,000 and an annual increase of 4%, the market demonstrates resilience and a positive trend over the past year. Similarly, apartments are following an upward trajectory with a median price of $310,000 and a growth rate of 2.5% year-over-year.
This growth is supported by a robust population increase of 3.3%, indicating a strong demand for housing in the area. The consistent rise in property values suggests that Howdenvale’s real estate market is in good health, offering stability for homeowners and investors alike.
Investment Opportunities and Potential
Given the solid performance of Howdenvale’s housing market, investment opportunities are ripe for those looking to capitalize on the region’s growth. The steady appreciation in house prices indicates that purchasing residential property can be a sound investment with potential for capital gains in the long term.
Apartments also present an attractive entry point for investors due to their lower median price point and consistent appreciation. For rental property investors, the expanding population hints at a growing rental market with possible increases in rental demand and income over time.
Furthermore, the ongoing population growth could signal opportunities for development projects aimed at meeting the rising housing demand while contributing to local economic development.
Future Market Outlook
The future outlook for Howdenvale’s real estate market appears optimistic. The combination of steady price increases, healthy population growth, and economic stability positions Howdenvale as an attractive location for both living and investment purposes.
The sustained increase in property values points to a market that has not yet reached its peak, suggesting room for further growth. Prospective buyers can expect continued appreciation in their property investments based on current trends.
In conclusion, while being mindful of broader economic conditions that may impact regional markets, Howdenvale’s real estate prospects look favorable for both short-term gains and long-term investment strategies.
