Inverary, 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 Inverary, Ontario, is experiencing a period of steady growth. The median house price in the region currently stands at $500,000, showing a healthy increase of 3.5% year-over-year. Similarly, the apartment sector has seen a moderate price increase, with the median apartment price reaching $300,000 and growing at a rate of 2.1% year-over-year.
These trends reflect a robust demand for housing in the area, which may be attributed to several factors including Inverary’s appealing location and quality of life. The population growth rate of 7.1% further signifies an increasing demand as more people are drawn to the community.
Investment Opportunities and Potential
With its consistent price appreciation, Inverary presents attractive investment opportunities for both residential and rental properties. The steady increase in property values suggests that investing in real estate could yield solid returns in the form of capital gains over time.
The growing population indicates potential for rental investments as well. With more individuals and families moving to Inverary, the demand for rental units is likely to rise, which could lead to higher rental yields for investors. Furthermore, the current trends suggest that both property value appreciation and rent increases are likely to continue in the near future.
Future Market Outlook
The future market outlook for Inverary’s real estate is optimistic. Given the strong population growth rate and consistent upward trends in property values, it is reasonable to forecast continued growth in the housing market.
However, potential investors should be cognizant of broader economic conditions that can impact interest rates and lending standards which may affect affordability. Keeping an eye on local developments such as infrastructure projects or changes in zoning regulations is also critical as these can influence future property values.
In summary, Inverary’s real estate market presents promising opportunities underpinned by strong fundamentals. Both short-term investors looking for flips and long-term investors seeking stable rental income may find this market appealing. Careful analysis of future policy changes and market dynamics remains essential to navigate this vibrant market successfully.
