Jarvis, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 0.8% |
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 | $480,000 |
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
The real estate market in Jarvis, Ontario is currently experiencing a moderate growth trajectory. The median house price stands at $525,000, which marks a 4% year-over-year increase. This increment suggests a steady demand for single-family homes, potentially driven by the local economic conditions and the attractiveness of the area for families and professionals.
In the apartment sector, the median price is reported at $320,000, with a slightly lower growth rate of 2.5% year-over-year. This differential in growth rates between houses and apartments may indicate a stronger preference for detached housing or could reflect a higher supply of apartments relative to demand.
With a population size of 15,500 that has grown by 3.3%, Jarvis is showing signs of demographic expansion which could be fueling housing demands. An increasing population typically leads to greater demand for housing, thereby exerting upward pressure on both rental and purchase prices.
Investment Opportunities and Potential
The real estate market in Jarvis presents several investment opportunities. Investors looking to benefit from capital growth might consider single-family homes as their primary target due to their higher appreciation rate. Given the consistent increase in the median house price, long-term investments could yield substantial returns.
Apartments also offer an investment opportunity, especially for those interested in rental income streams. With the population growth outpacing the current apartment price trend, there could be a future mismatch between supply and demand that might lead to higher rents and lower vacancy rates.
Moreover, as the population continues to expand, there may be further potential for developments in both residential and mixed-use projects to meet new residents’ needs. Investors should consider local development regulations and community plans to identify areas with high growth potential.
Future Market Outlook
The future outlook of Jarvis’s real estate market appears promising. Population growth remains robust at 3.3%, suggesting ongoing demand for housing if the trend continues. The gradual but consistent increase in property values indicates a stable market with potential for continued appreciation.
If economic drivers such as employment opportunities and infrastructural development keep pace with population growth, we can expect sustained interest in Jarvis’s real estate market from both owner-occupiers and investors alike.
Investors should monitor key factors such as interest rates, economic policies affecting housing affordability, and any significant changes in local industry or employment trends that could impact long-term property values.
In conclusion, Jarvis’s real estate market offers solid opportunities for investment with favorable conditions projected to persist based on current trends and demographic indicators.