Humberstone, 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
1. Current Market Conditions and Trends
The real estate market in Humberstone, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates resilience and a consistent upward trend. Similarly, the apartment sector shows positive momentum with a median price of $300,000, which has risen by 2.1% over the past year.
This region’s population has seen significant growth at 7.1%, indicating a strong and expanding community that could further stimulate housing demand. The concurrent rise in housing prices suggests that Humberstone’s real estate market is keeping up with the growing population and their needs for housing.
2. Investment Opportunities and Potential
Investment opportunities in Humberstone are promising due to its growing population and steady price appreciation. The single-family home segment offers potential for both capital gains and rental income as the median house price is appreciable yet still accessible to many buyers and investors.
Apartments present an attractive entry point for first-time investors or those looking to diversify their portfolio with smaller investments, given the more moderate median price point and positive price trend. The continuous population growth supports a potential increase in rental demand, suggesting that rental properties could yield favorable returns.
3. Future Market Outlook
Looking ahead, the Humberstone real estate market appears poised for sustained growth. The robust population increase is likely to continue fueling housing demand, which may result in continued property value appreciation. The positive trends in both house and apartment prices offer an optimistic outlook for those investing in residential real estate.
As long as economic conditions remain stable and the influx of residents persists, Humberstone’s real estate market should maintain its positive trajectory. However, investors should monitor local economic factors and national policies that could impact interest rates and borrowing costs, as these will influence future market dynamics.
