Lansdowne, 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 Lansdowne, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year trend showing an increase of 3.5%, the market is demonstrating healthy appreciation. Similarly, apartments are becoming more valuable, with the median price standing at $300,000 and witnessing a 2.1% year-over-year increase. This growth can be partially attributed to Lansdowne’s expanding population, which has seen a significant rise of 7.1%. The consistent demand for housing driven by this population growth is likely contributing to the upward pricing trends observed in both housing segments.
Investment Opportunities and Potential
Investors looking at Lansdowne’s real estate market can find potential in both residential properties and apartment complexes. Given the steady price appreciation for houses and apartments, long-term capital gains are a realistic expectation for those investing in residential real estate. Moreover, the robust population growth suggests that rental properties may also provide strong income returns. The increasing population could mean heightened demand for rental units, potentially leading to higher occupancy rates and rental yields for investors targeting the apartment sector.
Future Market Outlook
The future outlook of the Lansdowne real estate market appears optimistic. Assuming the continuation of current trends, such as ongoing population growth at a rate of 7.1%, we can anticipate sustained demand for housing. If these demographic and economic conditions persist or improve, they will likely further propel property values upward. Investors and homebuyers can look forward to a market that is not only stable but also offers possibilities for growth in both property value and rental income potential over the coming years.
