Trending
A red, white, and black flag with a white background.

Hurkett, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $480,000
Monthly growth 1.1%
Quarterly trend 2.8%
Stock on market 0.8%

Apartment

Median price $290,000
Monthly growth 0.8%
Quarterly trend 1.9%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $480,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $330,000
3 bedrooms $420,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 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





Hurkett, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Hurkett, Ontario is currently experiencing a period of moderate growth. The median house price stands at $480,000, which represents a steady increase of 2.8% year-over-year. This suggests that the market is healthy, with a sustainable level of appreciation reflective of demand.

In contrast, apartments are showing a more modest growth trend, with the median price at $290,000 and an annual appreciation rate of 1.9%. This difference in growth rates between houses and apartments may indicate a stronger demand for single-family homes or potentially greater affordability constraints within the apartment sector.

The population of Hurkett is currently estimated at 15,500 residents, with a robust growth rate of 3.3%. This demographic trend is likely contributing to the sustained demand for housing in the area.

Investment Opportunities and Potential

The current growth in housing prices coupled with solid population increases suggests that there are viable investment opportunities within Hurkett’s real estate market. Single-family homes, in particular, appear to be a strong investment choice given their higher appreciation rate compared to apartments.

Additionally, the ongoing population growth is expected to drive demand for both rental and owner-occupied properties. Investors looking to enter the rental market or develop new residential projects could potentially benefit from this demographic trend over the medium to long term.

Future Market Outlook

The future outlook for Hurkett’s real estate market appears cautiously optimistic. Assuming that the current economic conditions remain steady and that population trends continue upward, it is reasonable to anticipate a continued gradual increase in property values.

The consistent growth pattern in house prices suggests stability in the market, but investors should also be aware of external factors such as interest rates and employment levels which can impact buyer affordability and overall demand. Additionally, as more people move into Hurkett, there may be increased pressure on local infrastructure and services which can affect future development plans.

In summary, while there are always uncertainties in any market forecast, Hurkett’s real estate sector shows promise for continued moderate growth and offers attractive opportunities for savvy investors who are cognizant of both its potential and challenges.