Inverhaugh, 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
1. Current Market Conditions and Trends
Inverhaugh, Ontario, currently exhibits a stable real estate market with the median house price pegged at $500,000. This reflects a year-over-year growth of 3.5%, indicating a consistent upward trend in property values. Similarly, the apartment sector has seen an increase with the median price at $300,000 and a growth rate of 2.1% over the same period.
The population of Inverhaugh stands at 15,000 and has been experiencing a robust growth rate of 7.1%. This demographic expansion is contributing positively to housing demand, driving both sales volume and prices upward. The market is characterized by a healthy balance between supply and demand, resulting in competitive but fair market conditions for buyers and sellers alike.
2. Investment Opportunities and Potential
Considering the steady appreciation in property values, investing in Inverhaugh’s real estate could be lucrative for both short-term gains and long-term equity growth. The single-family home segment, with its higher year-over-year price increase, presents potential for significant returns on investment as the town continues to grow.
The apartment sector also offers attractive opportunities for investors looking to capitalize on rental income. With the population growth outpacing national averages, demand for rental properties is expected to rise. Consequently, investing in apartments could yield stable rental yields and appreciation over time.
3. Future Market Outlook
The future outlook for Inverhaugh’s real estate market remains optimistic given the current trends and growth trajectory. The continued population increase should sustain housing demand, potentially leading to further price escalations and robust market activity.
Infrastructure development and economic diversification efforts by local authorities might also enhance the town’s attractiveness to new residents and investors alike, solidifying Inverhaugh’s position as a desirable location within Ontario’s real estate landscape.