Calton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Calton, Ontario is currently experiencing steady growth, as indicated by the year-over-year increase in property values. The median house price stands at $520,000, marking a 4.2% increase compared to the previous year. This suggests a healthy demand for houses in the area, with prices reflecting a growing interest from buyers.
Apartments in Calton are also seeing positive traction with a $310,000 median price point and a growth trend of 2.5% year-over-year. This moderate appreciation rate may be attractive to investors looking for stable returns without the volatility that can be present in other markets.
The population of Calton has reached approximately 15,500 residents, and with a robust population growth rate of 3.3%, the demand for housing is expected to maintain an upward trajectory. The continuous influx of residents can be attributed to factors such as employment opportunities, quality of life, and Calton’s overall appeal as a place to live.
Investment Opportunities and Potential
Considering the current market conditions and population trends, Calton presents several enticing opportunities for real estate investors. The consistent increase in property values indicates a market that has not yet reached saturation and still offers room for growth.
The housing sector appears particularly promising due to its higher appreciation rate. Investors could potentially reap significant capital gains from purchasing residential properties now, as market data suggests continued demand.
Apartments offer a different kind of investment opportunity in Calton. With a slightly lower appreciation rate but still positive growth, apartments may be ideal for those looking to secure long-term rental income streams. As the population grows and diversifies, there will likely be an increased need for varied housing options, further bolstering the potential for apartment investments.
Future Market Outlook
The future outlook for Calton’s real estate market remains optimistic based on current forecasts and trends. With ongoing population growth and sustained interest in both residential houses and apartments, prices are likely to continue their upward trend.
Potential investors should monitor key factors such as economic development initiatives within Calton, infrastructure improvements, and demographic shifts that may influence housing demand further. Staying informed will be crucial for making well-timed investment decisions in this dynamic market.
In summary, Calton’s real estate market is characterized by consistent growth, presenting various opportunities for investment across different property types. While no market is without risk, careful analysis of trends suggests that Calton’s real estate holds potential for both short-term gains and long-term investment stability.
