Cairo, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
Apartment
Median price | $310,000 |
Monthly growth | 1.1% |
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 | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,300 |
Occupied Private Dwellings | 5,800 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cairo, Ontario, is currently experiencing steady growth. With a median house price at $525,000 and an annual increase of 4%, the housing sector is showing healthy appreciation. Similarly, the apartment sector, with a median price of $310,000, is witnessing a more modest year-over-year upturn of 2.5%. This indicates a consistent demand for housing units in the area.
The sustained population growth of 3.3%, which brings the population to approximately 15,500 residents, has been instrumental in driving demand for residential properties. Consequently, this growth contributes to a competitive market environment where property values are expected to continue their upward trajectory.
Investment Opportunities and Potential
The positive trends in property valuation suggest that Cairo’s real estate market holds appealing opportunities for investors. The robust increase in house prices points to a strong market for single-family homes, which may be particularly attractive for long-term investment strategies.
Apartments present a more affordable entry point into the real estate market for both investors and first-time homebuyers. The slower yet steady growth rate in apartment prices may appeal to investors seeking more stable, long-term gains. Additionally, given the population increase, rental properties could yield substantial returns due to heightened demand from those who are not yet ready or able to purchase homes.
Future Market Outlook
The future outlook of Cairo’s real estate market remains promising. The combination of consistent population growth and sustained property value increases lays a solid foundation for ongoing prosperity in the region’s real estate sector. If these trends persist, Cairo is poised to maintain its attractiveness to both homeowners and investors alike.
In conclusion, provided there are no significant economic shifts or policy changes that negatively impact the housing market, stakeholders can remain cautiously optimistic about continuous growth and investment potential in Cairo’s real estate landscape.