Cabbagetown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 0.5% |
Apartment
| Median price | $650,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $700,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2024) | 14,000 |
| Previous Population (2019) | 13,500 |
| Population Change | 3.7% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.9 |
| Land Area (km²) | 3,000.0 |
Market Analysis
Current Market Conditions and Trends in Cabbagetown, Ontario
The real estate market in Cabbagetown, Ontario, is currently experiencing moderate growth. With a median house price of $950,000 and an annual price appreciation of 2.5%, the housing sector remains robust. Similarly, the apartment market is showing steady growth with a median price set at $650,000 and a 1.8% year-over-year increase.
The neighborhood’s demographic trends are positive, with a population increase of 3.7% signaling ongoing demand for housing. This uptick in population often correlates with greater demand for local amenities and services, potentially leading to an overall increase in property values as the community’s desirability grows.
Investment Opportunities and Potential in Cabbagetown, Ontario
Given its solid growth rates and increasing population, Cabbagetown represents an attractive opportunity for real estate investors. The community’s appeal is driven by its unique blend of historic charm and urban convenience, making it particularly popular among young professionals and families looking for long-term residences.
Investors considering entry into this market might find potential in both the single-family home sector—given its consistent appreciation—and the apartment segment, which could be appealing due to lower entry points and high demand for rental accommodations among those not ready to enter the ownership market.
Future Market Outlook for Cabbagetown, Ontario
The future outlook for Cabbagetown’s real estate market appears promising. The steady year-over-year growth suggests that the market is not overheated but rather progressing at a sustainable pace. Assuming no major economic shifts or policy changes occur, one could expect continued moderate growth aligned with historical trends.
The area’s population growth further bolsters confidence in the future performance of real estate investments here. As more people move to Cabbagetown, both the rental and buyer markets are likely to remain active. Consequently, long-term investors might benefit from both capital appreciation and potential rental income stability.
