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Springwater, ON

Updated: Aug 2016
House
Median price $669,000
Monthly growth
Quarterly trend
Stock on market 1.40%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Springwater Home Price

Springwater was Canada’s 199th most expensive suburb by listed median house price this month.

The median house price listed in Springwater this month is $669,000.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

Ontario has the most amount of properties available to property investors, with Springwater having 93th most in the province, out of a total of 1145.

When we look at the data we have, it can help with trying to establish whether or not Springwater is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springwater there is more stock than three months ago. This would indicate pressure on prices easing.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

As one of Ontario’s many potential real estate investment neighbourhoods, Springwater needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
2 bedrooms $449,450
3 bedrooms $444,950
4 bedrooms $688,888
Demographics
  • Private dwellings occupied by usual residents6258
  • Population density per square kilometre34
  • Land area (square km)536.23
  • Population in 201118223
  • Population in 200617456
  • 2006 to 2011 population change (%)4.4
  • Total private dwellings6691

Age Characteristics

Total population by age groups 18220
0 to 4 years 850
5 to 9 years 1160
10 to 14 years 1285
15 to 19 years 1515
15 years 280
16 years 300
17 years 320
18 years 300
19 years 320
20 to 24 years 1105
25 to 29 years 685
30 to 34 years 825
35 to 39 years 1100
40 to 44 years 1310
45 to 49 years 1790
50 to 54 years 1690
55 to 59 years 1405
60 to 64 years 1210
65 to 69 years 805
70 to 74 years 590
75 to 79 years 400
80 to 84 years 305
85 years and over 200
Median age of the population 42.4
% of the population aged 15 and over 82

Marital Status

Total population 15 years and over by marital status 14935
Married or living with a common-law partner 9925
Married (and not separated) 8725
Living common-law 1195
Not married and not living with a common-law partner 5010
Single (never legally married) 3580
Separated 345
Divorced 505
Widowed 585

Family Characteristics

Total number of census families in private households 5435
Size of census family: 2 persons 2385
Size of census family: 3 persons 1140
Size of census family: 4 persons 1350
Size of census family: 5 or more persons 565
Total number of census families in private households 5435
Total couple families by family structure and number of children 4905
Married couples 4310
Without children at home 1750
With children at home 2560
1 child 835
2 children 1195
3 or more children 525
Common-law couples 600
Without children at home 350
With children at home 245
1 child 115
2 children 105
3 or more children 30
Total lone-parent families by sex of parent and number of children 530
Female parent 385
1 child 200
2 children 140
3 or more children 40
Male parent 145
1 child 80
2 children 50
3 or more children 10
Total children in census families in private households 6255
Under six years of age 1070
6 to 14 years 2190
15 to 17 years 875
18 to 24 years 1565
25 years and over 550
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 18125
Number of persons not in census families 1525
Living with relatives 300
Living with non-relatives only 355
Living alone 860
Number of census family persons 16600
Average number of persons per census family 3.1
Total number of persons 65 years and over in private households 2245
Number of persons not in census families aged 65 years and over 530
Living with relatives 130
Living with non-relatives only 40
Living alone 360
Number of census family persons aged 65 years and over 1710
Total number of private households by household type 6260
Census-family households 5270
One-family-only households 4800
Couple-family households 4420
Without children 1865
With children 2560
Lone-parent-family households 380
Other family households 470
One-family households with persons not in a census family 305
Couple-family households 235
Without children 75
With children 160
Lone-parent-family households 70
Two-or-more-family households 160
Non-census-family households 985
One-person households 860
Two-or-more-person households 125
Total number of occupied private dwellings by structural type of dwelling 6260
Single-detached house 5880
Apartment, building that has five or more storeys 0
Movable dwelling 20
Other dwelling 360
Semi-detached house 35
Row house 25
Apartment, duplex 80
Apartment, building that has fewer than five storeys 200
Other single-attached house 20
Total number of private households by household size 6255
1 person 860
2 persons 2150
3 persons 1125
4 persons 1355
5 persons 530
6 or more persons 230
Number of persons in private households 18120
Average number of persons in private households 2.9

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