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Caledonia, 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




Caledonia, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The current median house price in Caledonia, Ontario stands at $500,000, with a year-over-year price increase of 3.5%. This indicates a steady growth rate for single-family homes in the area. The median apartment price is slightly lower at $300,000, with a slower growth trend of 2.1% year-over-year. This differential in growth trends suggests that houses are currently experiencing higher demand compared to apartments.

The population of Caledonia has recently reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This rapid increase in population is a key driver for the demand in housing and indicates a robust and expanding community.

Investment Opportunities and Potential

The consistent growth in real estate prices coupled with the notable population increase suggests strong investment opportunities within Caledonia’s property market. Investors might find particular potential in single-family homes due to their higher appreciation rate. Moreover, as the population continues to rise, demand for both rental and owner-occupied properties is likely to grow.

The investment potential is also bolstered by the town’s strategic location within commuting distance to larger employment centers, which could attract more residents seeking a balance between urban work opportunities and small-town living.

Future Market Outlook

Considering the steady growth in housing prices and the significant surge in population, the future market outlook for Caledonia appears optimistic. If the current trends hold, investors can reasonably expect continued appreciation in property values. The local economy’s diversification and infrastructure development would further support this positive trajectory.

However, it is important to monitor external economic factors that could influence mortgage rates, employment stability, and overall consumer confidence which in turn could affect the real estate market dynamics.

In conclusion, Caledonia represents an attractive market for both residential living and investment purposes based on current trends. Keeping an eye on economic indicators and being aware of regional developments will be crucial for those looking to participate in this market.