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 (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 Inwood, Ontario is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, with a year-over-year price increase of 3.5%. This consistent uptick in housing prices indicates a healthy demand for residential properties. Additionally, the median price for apartments is $300,000, which has seen a slightly lower but still positive year-over-year trend of 2.1%. These figures suggest that while the market for houses is growing slightly faster than that for apartments, both sectors are expanding steadily.
With a population of 15,000 and a notable population growth rate of 7.1%, Inwood is attracting new residents at a significant pace. This demographic trend not only reflects the area’s livability and appeal but also underpins the sustained demand for housing, which in turn supports property value appreciation.
Investment Opportunities and Potential
The investment outlook in Inwood is promising given the stable growth in property values and solid population increase. Investors considering Inwood should note that the steady rise in median house prices offers potential for capital gains in the medium to long term. The rental market also presents attractive opportunities due to the influx of new residents; investors could capitalize on the demand for rental units by purchasing apartments or houses to let.
The more moderate growth rate in apartment prices compared to houses suggests there may be value-seeking opportunities in this segment of the market. Investors can potentially acquire apartments at a relatively lower entry point with expectations for continued appreciation driven by overall market momentum and demographic pressures.
Future Market Outlook
Looking ahead, Inwood’s real estate market appears poised for continued growth. The robust population expansion is likely to sustain demand for housing and could lead to an upward pressure on prices if the supply side does not keep pace. Moreover, if current economic conditions remain favorable and interest rates stable, the local real estate market could see a continuation of its positive trajectory.
However, investors should remain vigilant regarding broader economic factors that may impact mortgage rates and affordability—variables that can influence buyer behavior and property values. It is also prudent to monitor any changes in local industry or employment trends as these factors are critical drivers of population growth and housing demand.
In conclusion, Inwood offers both homebuyers and investors a dynamic real estate environment with potential for growth and return on investment given its rising population and steady property value appreciation.
