Lamable, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $540,000 |
| 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 | $540,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lamable, Ontario is experiencing moderate growth. The median house price currently stands at $540,000, with a year-over-year increase of 4%. This indicates a healthy demand for residential properties and a steady market expansion. Similarly, the median apartment price is $320,000, which has risen by 2.5% from the previous year. Such growth is aligned with the overall positive sentiment in the housing sector, though apartments are witnessing a more tempered appreciation rate.
The population of Lamable has grown to 15,500 residents, marking a substantial increase of 3.3%. This demographic expansion suggests that the demand for housing will likely continue to rise as more individuals seek accommodation within the area.
Investment Opportunities and Potential
Given the consistent rise in property values and the expanding population, Lamable presents various investment opportunities, particularly for those interested in long-term capital gains. The single-family housing market shows robust potential due to its higher growth rate. Investors might find these properties more attractive due to potentially greater returns on investment over time.
Apartments, while showing a slower growth trend, represent an opportunity for investors focusing on rental income. Given the population growth and the demand for more affordable housing options, apartments could serve as a stable source of rental revenue.
Developers and investors should also consider the benefits of new construction projects to meet the increasing housing demand driven by population growth. This could include both residential and mixed-use developments that cater to a growing community seeking amenities close to home.
Future Market Outlook
The future outlook for Lamable’s real estate market remains optimistic. Population trends suggest continued demand for housing, which should support further growth in property prices if current economic conditions persist. If the area continues to attract new residents at its current pace or higher, we may see an even stronger push on housing prices due to competition for limited inventory.
Long-term investors are likely to benefit from these trends as property values increase. However, it is critical for stakeholders to monitor economic indicators such as employment rates, local development plans, and interest rates as these factors will influence market dynamics and investment returns.
In conclusion, while there are no guarantees in real estate investment, Lamable’s current trajectory points towards a promising future for those willing to engage with this vibrant market.
