Callander, 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 Callander, Ontario, the real estate market is exhibiting signs of steady growth. The median house price in the region stands at $500,000, experiencing a year-over-year increase of 3.5%. This indicates a healthy appreciation in property values, likely supported by both local demand and external interest. Similarly, the median apartment price has reached $300,000, with a more modest but still positive yearly trend of 2.1%. These trends suggest a balanced market progression that could be favorable for both homeowners and investors.
Investment Opportunities and Potential
The current growth rates in property values in Callander offer promising investment opportunities. The steady increase in housing prices points to a robust real estate market where investors could anticipate continued appreciation. Furthermore, the town’s population has grown by 7.1%, which is likely driving demand for housing and can result in rental market growth as well. Given that the population is expanding at a notable rate, the demand for both rental and owner-occupied housing is expected to rise, potentially leading to higher rental yields and capital gains for investors.
Future Market Outlook
Looking forward, the future market outlook for Callander appears optimistic. With a strong population growth of 7.1%, there is an underpinning factor that could sustain demand for housing in the coming years. If these demographic trends continue alongside economic stability and development within the area, it is reasonable to expect that the real estate market will maintain its upward trajectory. Investors and potential homebuyers should monitor key indicators such as employment rates, infrastructure development, and interest rates to make informed decisions as these elements will also influence the future performance of the real estate market.