Inglewood, 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
Current Market Conditions and Trends
The real estate market in Inglewood, Ontario is currently characterized by a steady growth in property values. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes and suggests that the market is experiencing moderate appreciation. The median apartment price follows a similar upward trend at $300,000, with a slower growth rate of 2.1% year-over-year. These figures point to a stable investment environment for both types of properties.
With a population of 15,000 and an impressive growth rate of 7.1%, Inglewood is attracting new residents at a robust pace. This demographic expansion can be attributed to factors such as employment opportunities, quality of life, and its proximity to larger urban centers, fueling the demand for residential properties.
Investment Opportunities and Potential
Inglewood’s real estate market presents several attractive investment opportunities. The consistent rise in property values provides investors with the potential for capital gains over time. Single-family homes show particular promise due to their higher appreciation rate compared to apartments. Furthermore, the growing population suggests a rising demand for rental properties, potentially leading to favorable rental yields for investors looking at income-generating assets.
Given the town’s continued expansion and development plans, strategic investments in areas poised for infrastructural improvements could yield significant returns. Newcomers to the community might also drive demand for diverse housing options, including townhouses and duplexes which could diversify an investor’s portfolio.
Future Market Outlook
The future outlook for Inglewood’s real estate market remains optimistic based on current trends and demographic indicators. The sustained population growth implies an ongoing need for housing, which should support property prices in the foreseeable future. Moreover, if local economic conditions remain favorable and the job market continues to strengthen, this will further underpin the real estate sector in Inglewood.
Investors should monitor potential shifts in interest rates or economic policies that might influence borrowing costs or consumer confidence. Nonetheless, the underlying fundamentals of Inglewood’s real estate market—steady price growth and increasing population—suggest that it is positioned for continued resilience and growth.
