Caledon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,200,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Apartment
| Median price | $700,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $900,000 |
| 3 bedrooms | $1,150,000 |
| 4 bedrooms | $1,400,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2024) | 18,000 |
| Previous Population (2019) | 17,000 |
| Population Change | 5.9% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.8 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Caledon, Ontario, is currently experiencing a steady growth in property values. With the median house price standing at $1,200,000 and exhibiting a 4% year-over-year increase, the market shows signs of sustained demand. Apartments are also appreciating, though at a slower pace, with a median price of $700,000 and a 1.5% year-over-year uptick. This growth can be partially attributed to Caledon’s residential attractiveness and its proximity to major urban centers like Toronto.
Investment Opportunities and Potential
Caledon’s real estate market presents various investment opportunities with potential for capital appreciation and rental income. The consistent rise in property values indicates that investing in residential properties could yield profitable returns over time. The population growth of 5.9% signals an expanding market with increasing demand for housing. Investors might focus on single-family homes due to their higher appreciation rate or consider apartments for their more accessible entry price point and potential for rental income.
Future Market Outlook
The future outlook of the Caledon real estate market remains positive. The ongoing population growth suggests that demand for housing will continue to rise, potentially pushing property values higher. As the municipality invests in infrastructure and community services to accommodate this growth, the appeal of Caledon as a place to live may further enhance property desirability and prices. However, investors should also stay informed about broader economic conditions and interest rates, as these factors could impact the trajectory of the market.
