Granby real estate market in 2025: prices, statistics, and outlook
- thomas40857
- Sep 12
- 2 min read
Analysis performed on September 12, 2025
The Granby real estate market in 2025 remains particularly buoyant. Rapid growth in residential values, strong rental construction activity, and demand exceeding supply continue to drive prices upward. Here are the highlights, key statistics, and outlook for buyers and investors.
House prices in Granby: a steady rise
Median price of single-family homes: In the fourth quarter of 2024, it reached $468,250, up 9% year-over-year.
New homes: In 2025, the price of a new single-family home was around $500,000, making it less affordable for many buyers.
The value of single-family properties has jumped 55% in three years, also driving up the values of rental properties (+39%) and condominiums (+54%), according to city data.
Real estate transactions and market dynamics
Sales volume accelerated significantly :
Nearly 1,200 sales in 2024 (+20%), including 309 sales in the last quarter (+44%).
In 2025, the market remains a seller's market, with transaction volume up 21%.
The number of listings rose slightly (+2% year-on-year) and active listings were up +3%.
Average selling times remain relatively short: 72 days for single-family homes and 65 days for condominiums.
New buyers and investors are also benefiting from the recent drop in interest rates and longer loan amortization periods, which stimulated the market in late 2024 and early 2025.
Construction and explosion of the rental market
Granby is experiencing strong rental construction activity:
In 2024, 706 new homes were built, including 490 rental units.
In 2025, more than 75% of new construction was in the rental segment.
The city aims to add 5,500 housing units by 2034, mainly through densification (apartments, condos, townhouses).
The vacancy rate for rental housing is very low (0.5%), and rents continue to climb :
4½: $1,129 in 2024, compared to $974 in 2023.
Major challenges for Granby
Declining affordability
Rising home values and rents are putting pressure on affordability, making it harder for households to buy a home.
Rental properties in demand
The rental segment is favored by both households and baby boomers due to the aging population and the difficulty of buying a home.
Local policies
To meet growing demand, the City of Granby is focusing on:
urban densification,
diversification of the residential supply,
and strategies adapted to socio-demographic changes.
Outlook for 2025 and beyond
The Granby real estate market is expected to remain very strong and competitive in the coming months. However, the risks of overheating and challenges in terms of affordability are intensifying. Investors and buyers will therefore need to closely monitor developments in local housing policies, which will play a key role in maintaining a balance between demand, prices, and new construction.
Conclusion
In 2025, buying a home in Granby means entering a market that is both dynamic and competitive, where prices continue to climb and renting is becoming increasingly important. The city's densification and diversification initiatives will be crucial to meeting demand and containing pressure on prices.
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