Calabogie, 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 (2025) | 15,000 |
Previous Population (2020) | 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
In Calabogie, Ontario, the real estate market is currently experiencing steady growth. The median house price in the region sits at $500,000, reflecting a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for housing in the area, likely driven by both local factors and broader provincial trends.
The market for apartments shows a slightly more modest increase, with the median apartment price at $300,000 and a year-over-year trend of 2.1%. This suggests that while the apartment market is growing, it is doing so at a slower pace compared to houses. The difference in growth rates may be attributed to varying demand levels or possibly a larger inventory of apartments available on the market.
With a population of 15,000 that has risen by 7.1%, Calabogie is experiencing notable demographic growth. This increase in population is a positive indicator for real estate demand as it often translates into higher demand for housing.
Investment Opportunities and Potential
Given the current market conditions and demographic trends, Calabogie presents promising investment opportunities, particularly in residential real estate. The steady appreciation in house prices suggests that investing in single-family homes could yield favorable returns over time. Investors should consider this trend when evaluating long-term capital gain prospects.
The slower growth rate in the apartment sector may present an opportunity for investors to acquire properties at lower prices before any potential upticks in demand. Those interested in rental income may also find that apartments offer an attractive entry point into the market with a stable tenant base due to the population increase.
Investors should also be aware of potential development opportunities that could arise from increased population growth. Such growth can lead to expansion of services and infrastructure which typically fuels further real estate demand and value appreciation.
Future Market Outlook
The future outlook for Calabogie’s real estate market appears optimistic. Population growth is likely to continue serving as a catalyst for demand across all types of housing. If current trends persist, we can expect further incremental increases in property values, especially for houses which are leading the growth figures.
The investment potential in Calabogie’s real estate market remains high as long as economic conditions remain stable and supportive of growth. However, investors should also monitor local development plans and broader economic indicators to ensure their investments align with future market dynamics.
Overall, Calabogie’s real estate market offers solid opportunities for both homebuyers and investors looking for growth potential coupled with relative stability. Vigilance towards economic factors affecting Ontario’s broader market will be key to making informed decisions within this local context.