Ingolf, 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 Ingolf, Ontario, is currently experiencing stable growth. With a median house price of $500,000, the market has seen a healthy year-over-year increase of 3.5%. This trend points to a resilient housing sector that is consistently appreciating in value, likely due to both demand factors and the intrinsic value of properties in the area.
In line with the housing market, the apartment sector is also showing positive momentum. The median apartment price stands at $300,000, with a more modest year-over-year growth rate of 2.1%. This suggests that while apartments are increasing in value, the rate is slower compared to houses, possibly due to a higher demand for single-family homes or a greater inventory of apartments.
Ingolf’s population has reached 15,000 and is growing at a robust rate of 7.1%. This significant population growth is a key driver for demand in housing as more people seek accommodation, pushing both rental and purchase markets upward.
Investment Opportunities and Potential
The steady increase in property values coupled with substantial population growth indicates that Ingolf presents promising investment opportunities. Investors looking for long-term capital appreciation should consider single-family homes due to their stronger annual price increases. The ongoing demand driven by population growth also hints at favorable conditions for investing in new residential constructions or renovating existing properties for resale.
On the other hand, those interested in generating rental income might find investing in apartments appealing because of their lower entry price point and potential for rental market expansion as the local population grows. Given that apartment prices are growing at a slower rate than houses, investors may be able to acquire properties at competitive prices while banking on an appreciable value over time.
Future Market Outlook
The future market outlook for Ingolf remains optimistic. The consistent growth in house and apartment prices indicates a sustainable upward trajectory. As long as the population continues to rise at its current pace, demand for housing will likely keep fueling real estate values. Furthermore, if local economic conditions remain favorable and support employment and income growth, we can expect both the rental and purchase markets to stay robust.
An important consideration for future forecasting is macroeconomic factors such as interest rates and government policies that could impact affordability and borrowing costs. However, barring any significant negative external shocks, Ingolf’s real estate market appears poised for continued healthy performance.
