Caledon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,350,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Apartment
| Median price | $750,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,100,000 |
| 3 bedrooms | $1,350,000 |
| 4 bedrooms | $1,600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $650,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2024) | 22,000 |
| Previous Population (2019) | 21,000 |
| Population Change | 4.8% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,500 |
| Population Density (per km²) | 2.3 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Caledon, Ontario, is currently experiencing a stable growth pattern. With a median house price of $1,350,000 and an annual appreciation trend of 2.5%, the market displays resilience in the face of economic fluctuations. This moderate growth signifies a healthy demand for residential properties while still maintaining affordability compared to more rapid price increases seen in other regions.
Apartments in Caledon are also following an upward trajectory with a median price point of $750,000 and a year-over-year price increase of 4%. This growth outpaces that of houses, suggesting that smaller dwellings are becoming increasingly desirable, possibly due to their relative affordability or a shift in buyer preference towards lower-maintenance living spaces.
The population of Caledon stands at approximately 22,000 residents with a robust growth rate of 4.8%. This demographic expansion indicates sustained interest in the area and potential for further real estate market development.
Investment Opportunities and Potential
Given the steady price appreciation of both houses and apartments, Caledon presents promising investment opportunities. The consistent population growth supports the demand for housing and may lead to an increased rental market potential. Investors could benefit from capitalizing on the burgeoning demand for rental units as newcomers look for residences within the community.
The higher growth rate in apartment prices suggests that these properties might offer better short-term returns on investment when compared to houses. However, single-family homes remain attractive for long-term investments due to their consistent appreciation and appeal to families drawn by Caledon’s community-oriented lifestyle.
With its proximity to major employment centers while still offering a more rural living experience, Caledon is well-positioned to attract buyers looking for balance. Investment in commercial real estate could equally be fruitful as the local population increase drives demand for services and amenities.
Future Market Outlook
The future outlook for Caledon’s real estate market remains positive. Projecting from current trends and considering the steady population growth, it is reasonable to anticipate continued demand for housing in both the purchase and rental sectors. As long as economic conditions remain favorable and infrastructure development keeps pace with population growth, Caledon is likely to maintain its trajectory of gradual appreciation in property values.
Strategic investments aligned with anticipated urban expansion and infrastructure projects may present lucrative opportunities. The town’s commitment to preserving its natural landscapes alongside development initiatives is likely to enhance its appeal as a desirable location for prospective residents who value quality of life alongside modern conveniences.
In summary, while no market is without risk, careful analysis suggests that Caledon’s real estate market holds promising prospects for investors and homeowners alike, underpinned by solid fundamentals such as population growth and controlled property value appreciation.
