Innisfil, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,700 |
| Previous Population (2019) | 15,000 |
| Population Change | 4.7% |
| 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 Innisfil, Ontario, is currently experiencing moderate growth. The median house price in the region stands at $525,000, with a year-over-year increase of 4.2%. This steady rise suggests a healthy demand for single-family homes. Similarly, the median apartment price is at $320,000, following a slower but still positive trend with a 2.5% year-over-year increase.
The population of Innisfil has seen a notable growth of 4.67%, which is significantly above the national average. This influx of residents may be driving the demand for housing and contributing to the upward pressure on property prices. The current trends point towards a stable market with continuous interest from both buyers and sellers.
Investment Opportunities and Potential
Innisfil’s real estate market presents appealing investment opportunities, especially considering its population growth and consistent property value appreciation. Investors looking to capitalize on long-term growth may find the housing sector particularly attractive due to the sustained increase in median house prices.
With apartments experiencing a smaller yet steady price increase, there is potential for rental investments to yield favorable returns as well. The growth in population suggests that rental demand is likely to rise, potentially leading to higher occupancy rates and rental incomes for investors.
Future Market Outlook
The future outlook for Innisfil’s real estate market remains optimistic. The ongoing population growth will likely continue to fuel housing demand. Given the current trends, investors can expect a continued gentle upward trajectory in property values over the coming years.
Careful monitoring of economic factors such as employment rates, infrastructure developments, and interest rates will be crucial as they could have significant impacts on the market dynamics. However, based on existing data, Innisfil appears poised for sustainable growth and remains an attractive location for both residential purchasers and real estate investors.
