Lambeth, 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 | $315,000 |
| 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 | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 in Lambeth, Ontario
The real estate market in Lambeth, Ontario is currently characterized by a steady growth in property values. The median house price stands at $525,000, which represents a 4% year-over-year increase. This consistent upward trend indicates a healthy demand for housing in the area. Similarly, the median apartment price has seen a growth rate of 2.5% year-over-year, with current values averaging around $315,000. This more moderate increase suggests that the apartment market is also expanding but at a slower pace compared to houses.
Lambeth’s population growth of 3.3% further supports the strong real estate market conditions. As more people are drawn to the area, the demand for housing is likely to continue, potentially pushing prices upwards if the supply does not keep pace. The current trends suggest that Lambeth’s real estate market is robust and could be attractive to buyers and investors seeking long-term appreciation.
Investment Opportunities and Potential in Lambeth, Ontario
The ongoing price appreciation in both the house and apartment markets points to promising investment opportunities in Lambeth. With houses experiencing a higher growth rate, investors might find greater potential for capital gains in this segment over the long term. On the other hand, apartments could be an attractive option for those looking to enter the market at a lower price point while still benefiting from steady value appreciation.
Given the population growth rate of 3.3%, there is an increasing need for residential properties, which may spur new development projects. Investors could benefit from exploring pre-construction sales or land acquisition opportunities that align with this projected demand. Moreover, with rental markets likely expanding due to population increases, there are prospects for investors interested in income-generating properties.
Future Market Outlook for Lambeth, Ontario
The future market outlook for Lambeth appears promising based on current trends and demographic indicators. If population growth continues at its current pace or accelerates, demand for housing will likely remain strong, which should support ongoing property value appreciation. The consistent upward trend in prices implies confidence in the local market’s stability and growth potential over time.
However, prospective investors and buyers should remain cognizant of broader economic factors that can influence local markets such as interest rates, employment levels, and regional development policies. A diversified approach towards investing in different types of properties may mitigate potential risks associated with market fluctuations.
In conclusion, Lambeth’s real estate market shows positive signs with solid year-over-year growth in property values and significant population increases signaling robust demand. Both immediate investment opportunities and future prospects appear favorable for those looking to enter or expand their presence in this market.
