Calstock, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
The real estate market in Calstock, Ontario is currently experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market is showing healthy appreciation that is slightly above the national average. The trend for apartments is similarly positive, with a median price of $300,000 and a year-over-year growth rate of 2.1%. This suggests that while houses are the primary driver of growth in the area, apartments also present a stable investment opportunity.
The population of Calstock has grown to 15,000 residents, with an impressive growth rate of 7.1%. This population increase is likely contributing to the demand for housing and supporting the current upward pricing trends.
Investment Opportunities and Potential
Investors looking at Calstock will find potential in both residential properties and rental markets. Given the consistent growth in property values, purchasing residential properties for long-term capital appreciation appears promising. Additionally, the increasing population suggests that rental demand should remain strong, providing opportunities for investors to generate steady rental income.
With median prices still reasonable compared to larger urban centres, Calstock presents an attractive market for those looking to invest in real estate without competing in more saturated markets. The positive growth in apartment prices also indicates a potentially less volatile investment path for those interested in smaller-scale investments.
Future Market Outlook
The real estate market in Calstock is projected to maintain its trajectory of growth due to several factors. The robust population increase indicates ongoing demand for housing which may continue to push property values upward. If current trends persist, investors can expect a favorable environment for both capital gains and rental income.
However, as with any market analysis, it’s essential to consider external economic factors that could impact future performance. Investors should keep abreast of changes in interest rates, employment levels, and regional economic developments which could affect the real estate market’s dynamics.
In summary, the Calstock real estate market offers solid opportunities for investment with promising signs for continued growth. Careful monitoring of local and national economic indicators will be key to making informed investment decisions moving forward.
