Inverhaugh, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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 | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
In Inverhaugh, Ontario, the real estate market is currently experiencing steady growth. With a median house price of $525,000 and an annual increase of 4.2%, the market shows signs of moderate strength and demand. Apartments in the area are also seeing a rise in valuation, with a median price of $310,000 and a year-over-year trend showing a 2.5% increase.
The population of Inverhaugh stands at 15,500 residents, with a growth rate of 3.3% per annum. This demographic trend suggests an expanding local economy and potential for increased demand in housing as the population continues to rise. The consistent population growth also supports the sustained increase in property values observed over the past year.
Investment Opportunities and Potential
The real estate market in Inverhaugh offers promising investment opportunities, especially considering the ongoing population growth and corresponding demand for housing. Investors can capitalize on the upward trends in both house and apartment prices, which are expected to continue due to the stable economic environment.
With houses appreciating at a higher rate than apartments, there is potential for higher returns on investment in single-family homes. However, apartments may offer more affordable entry points into the market or appeal to investors seeking rental properties catering to smaller households or individuals.
Future Market Outlook
The future outlook for Inverhaugh’s real estate market remains positive. As population growth continues to fuel housing demand, investment in residential properties is anticipated to remain robust. Economic factors such as employment rates and infrastructure development will play crucial roles in shaping long-term market trends.
Given current patterns and economic indicators, it is reasonable to expect that property values will maintain their upward trajectory over the next few years. Prospective investors should monitor key economic signals closely while considering long-term strategies that align with ongoing demographic shifts.
