Irondale, 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 Irondale, Ontario, currently exhibits stable growth with a median house price of $500,000, reflecting a modest year-over-year increase of 3.5%. The market for apartments is similarly showing an upward trajectory, albeit at a slightly slower pace, with a median price of $300,000 and an annual growth rate of 2.1%. This steady growth aligns with the broader national trends of increasing property values across many Canadian markets.
Irondale’s population has recently grown by 7.1%, indicating a robust influx of new residents and potential homebuyers. This demographic shift suggests an increased demand for housing, which may continue to support property value appreciation in the near future.
Investment Opportunities and Potential
The positive trends in Irondale’s real estate market present appealing opportunities for investors. With consistent growth in both the housing and apartment sectors, investment properties offer the potential for capital gains over time. The current population boom could also signal a burgeoning rental market, creating lucrative possibilities for income-generating rental properties. Additionally, the town’s ongoing development projects and infrastructural enhancements could further bolster property values and attract additional investment.
Given the relatively affordable median prices compared to larger metropolitan areas, Irondale represents an accessible entry point for investors looking to diversify their portfolio into real estate without the barriers of higher capital requirements.
Future Market Outlook
The future market outlook for Irondale remains optimistic as the population growth trend does not show signs of abating. Should this trend persist, demand for housing will likely continue to rise, potentially leading to greater increases in property values over time. Moreover, as more people migrate to smaller towns seeking affordability and quality of life away from crowded urban centers—a pattern that has become more pronounced due to shifts in work-from-home culture—Irondale stands to benefit from these macroeconomic factors.
Investors and homebuyers should monitor key indicators such as employment rates, economic development initiatives by local government, and interest rate changes that can affect mortgage affordability. Nevertheless, given the current data and trends, Irondale’s real estate market appears poised for sustained growth making it an attractive destination for both living and investing.