Johnstown, 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
Current Market Conditions and Trends
The real estate market in Johnstown, Ontario, is currently experiencing steady growth. The median house price stands at $500,000, indicating a year-over-year increase of 3.5%. This growth reflects a healthy demand for residential property and a positive economic climate within the area. Similarly, the apartment market is also showing an upward trend with a median price of $300,000 and a 2.1% year-over-year increase. The consistent growth in both housing sectors suggests that Johnstown’s market is balanced and accessible to a range of buyers.
Accompanying this financial data is Johnstown’s population growth of 7.1%, which is significantly higher than the national average. This demographic expansion contributes to the sustained demand for housing as newcomers seek accommodation, thus reinforcing the upward pressure on property values.
Investment Opportunities and Potential
Investors looking at Johnstown will find potential in both the residential house and apartment markets. The steady increase in property values across these sectors offers opportunities for capital gains over the long term. Particularly, the single-family home segment with a 3.5% appreciation rate represents an attractive option for investors seeking tangible assets with stable growth prospects.
The robust population growth not only supports the possibility of price appreciation but also indicates potential rental demand. As such, purchasing income properties could be particularly lucrative for those looking to capitalize on Johnstown’s population surge. Additionally, given that the current trends demonstrate sustainable growth rather than rapid spikes, investors may find Johnstown appealing due to lower volatility risks.
Future Market Outlook
The outlook for Johnstown’s real estate market remains optimistic based on current trends and demographic indicators. Assuming no significant economic disruptions occur, the market is likely to continue its current trajectory of steady growth. The ongoing population increase will likely maintain its role as a key driver of housing demand, supporting both resale values and rental market strength.
The future outlook also suggests that investment in residential property should remain attractive with potential for both capital appreciation and rental income. However, it’s important for investors and potential homeowners alike to stay informed about local developments that could impact interest rates, employment levels, or housing supply—all factors that could influence future market conditions.
In summary, careful monitoring of economic indicators and staying abreast of changes in local policies will be crucial for those looking to enter or expand their footprint in Johnstown’s real estate landscape.
