Innisville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $480,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Innisville, Ontario, currently exhibits steady growth as indicated by the year-over-year increase in property values. The median house price in the region stands at $550,000, with a growth trend of approximately 4%. This suggests a healthy demand for single-family homes and robust market conditions. Meanwhile, apartments are slightly more affordable with a median price of $320,000 and are experiencing a slightly lower growth rate of 2.5% year-over-year. This could indicate a more stable but less dynamic market segment for multi-family residences.
Investment Opportunities and Potential
Innisville’s property market presents attractive investment opportunities for both residential properties and rental units. Given the solid growth in median house prices, investors can anticipate capital gains from purchasing single-family homes. Additionally, the apartment sector offers potential for rental income with moderate appreciation prospects.
The town’s population has grown by 3.2%, hinting at an increasing demand for housing. Investors should consider this demographic trend when exploring opportunities in new construction or refurbishing existing properties to cater to the growing population’s housing needs.
Future Market Outlook
The future outlook for Innisville’s real estate market appears promising. The consistent population growth paired with upward trending property values suggests that the demand for housing is likely to persist. Barring any unforeseen economic shifts or policy changes that may affect the housing market, Innisville is poised to maintain its current trajectory of real estate growth.
Investors and homebuyers can remain cautiously optimistic about entering or expanding their presence in the Innisville real estate market, as fundamentals such as population increase and steady price trends support a healthy and resilient market environment in the foreseeable future.
