Innisfil, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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, currently presents a stable growth environment. The median house price stands at $520,000, which indicates a year-over-year increase of 4.2%. This growth rate suggests a healthy demand for single-family homes in the region. Meanwhile, the median apartment price is at $320,000, with a slightly lower growth rate of 2.5% year-over-year. The difference in growth rates may reflect a greater interest in detached housing over apartments or could be indicative of a supply-and-demand dynamic specific to each property type.
Innisfil’s population has reached approximately 15,500 residents, with a robust annual growth rate of 3.3%. This population increase is likely contributing to the steady appreciation in property values as more individuals and families seek housing in the area.
Investment Opportunities and Potential
The ongoing population growth combined with consistent appreciation in property values presents numerous investment opportunities in Innisfil. Investors might consider the single-family home market as a particularly promising venture due to its higher growth rate relative to apartments. Long-term investment strategies could capitalize on the region’s steady population influx and the consequent rise in housing demand.
Moreover, Innisfil’s proximity to larger urban centers like Toronto may also appeal to commuters and individuals seeking quieter residential areas outside of the city, thereby potentially increasing rental market opportunities for investors.
Future Market Outlook
The future real estate market outlook for Innisfil is optimistic given current trends and demographic factors. Should the population continue to grow at or above the current rate of 3.3%, demand for housing will likely remain strong, further stimulating property value appreciation. It’s also important for potential investors and stakeholders to monitor local economic developments and infrastructure projects that could influence future market conditions.
Careful attention should be given to any signs of market saturation or shifts in economic factors that might slow down population growth or impact employment rates within the area. However, assuming stability in these external influences, Innisfil’s real estate market could continue to offer attractive returns for both short-term and long-term investment strategies.
