Inwood, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
The real estate market in Inwood, Ontario is experiencing steady growth. The median house price currently stands at $500,000, following a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, likely driven by both local factors and broader provincial trends.
Similarly, the apartment sector has seen a moderate appreciation with the median price of apartments reaching $300,000, which translates to a year-over-year growth of 2.1%. This slower pace compared to houses suggests that the market for apartments is stable but not as dynamic as the single-family home market.
With a population that has grown by 7.1%, now standing at approximately 15,000 residents, Inwood is evidently an attractive location that may be drawing new residents due to various factors such as employment opportunities, lifestyle preferences, or other regional attractions.
2. Investment Opportunities and Potential
Inwood’s solid population growth paired with consistent property value increases signals strong investment potential. The single-family home market is particularly robust, as indicated by the higher year-over-year price increase. Investors looking for equity growth may find these properties more appealing.
Apartments offer a different value proposition, with more modest growth rates suggesting a potentially lower entry point for investment and possibly higher rental demand due to affordability concerns. As the population continues to expand, demand for rental properties could increase, potentially providing steady income opportunities for investors.
The diverse range of investment opportunities in Inwood allows for strategies tailored to various risk profiles and investment horizons—from rental income-focused portfolios to long-term equity appreciation plays.
3. Future Market Outlook
The future market outlook for Inwood appears promising based on current trends and demographic indicators. Continued population growth at a rate of 7.1% will likely sustain demand for housing across all sectors. If economic conditions remain favorable and employment opportunities continue to attract residents, property values may see sustained appreciation.
The consistent price increases in both houses and apartments suggest confidence in the long-term viability of Inwood’s real estate market. Barring any unforeseen economic shifts or policy changes that could impact interest rates or housing demand significantly, investors can cautiously anticipate ongoing positive momentum in this market.
Careful monitoring of regional development plans and infrastructure investments will be key in assessing whether these positive trends will maintain their course or accelerate further, solidifying Inwood’s position as an attractive destination for both homeowners and investors alike.
