Calton, 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
The real estate market in Calton, Ontario is currently exhibiting stable growth, with the median house price standing at $500,000, marking a 3.5% year-over-year increase. This consistent upward trend indicates a healthy demand for residential properties. The median apartment price is $300,000, reflecting a slightly slower growth rate of 2.1% year-over-year. This differentiation in growth between houses and apartments may suggest that single-family homes are in higher demand in this market.
The population of Calton has been expanding at a robust rate of 7.1%, which is likely contributing to the steady growth in property values as more people seek housing in the area. This demographic trend is an essential driver of the real estate market, influencing both demand and supply dynamics.
Investment Opportunities and Potential
Given the steady increase in property values and the significant population growth, Calton presents appealing investment opportunities. The solid growth in median house prices suggests that investing in residential properties could yield favorable returns, particularly for long-term investors looking to capitalize on continued appreciation.
The slower growth rate for apartments might offer an entry point for investors seeking more affordable investment options with potential for rental income. As the population expands, housing demand is expected to rise, which may lead to increased rental rates and lower vacancy rates—factors that can enhance the profitability of apartment investments.
Furthermore, new development projects aligned with current housing demands may also present lucrative opportunities for developers and investors alike. These projects could cater to the growing population’s needs while simultaneously driving economic activity within Calton.
Future Market Outlook
The outlook for Calton’s real estate market remains positive considering current trends. The ongoing population growth indicates a continuing need for housing, which should sustain demand and potentially drive further increases in property values over time. If current trends persist, we can expect a gradual rise in both house and apartment prices, albeit possibly at different rates.
However, investors should remain mindful of external economic factors such as interest rates changes, employment rates within the region, and broader national economic health that could impact buyer affordability and influence market conditions.
In summary, Calton’s real estate market appears poised for sustained growth backed by strong fundamentals such as rising population figures and steady increases in property values. Investors looking to capitalize on this market will find opportunities particularly in residential properties while keeping an eye on evolving economic indicators that may affect future performance.
