Camborne, 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
Camborne, Ontario’s real estate market is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing healthy momentum. Similarly, the median apartment price stands at $300,000, with a slightly lower yet positive year-over-year trend of 2.1%. These figures indicate a robust market that is growing at a sustainable pace.
The population in Camborne has reached 15,000 residents, exhibiting a significant growth rate of 7.1%. This demographic expansion is contributing to an increased demand for housing, both in terms of ownership and rentals. As the population grows, so does the need for more diverse housing options, which further affects local real estate dynamics.
Investment Opportunities and Potential
Investment opportunities in Camborne are promising due to the steady increase in property values and the town’s growing population. The consistent uptick in house and apartment prices points to a healthy investment environment where equity gains can be expected over time.
Investors looking towards residential properties may find particular potential in single-family homes due to their higher appreciation rate. On the other hand, apartments could be an attractive option for those interested in catering to smaller households or the rental market. Given the population growth rate, rental demand is likely to continue rising, potentially providing investors with stable rental income streams alongside long-term capital appreciation.
Future Market Outlook
The future market outlook for Camborne’s real estate remains optimistic. Population growth acts as a strong indicator of continued demand for housing. Assuming that economic conditions remain favourable and that local employment opportunities follow suit with the growing population, it is likely that both the housing and rental markets will sustain their upward trajectories.
If current trends persist, investors and homeowners can expect ongoing increases in property values, although it is essential to monitor local developments such as infrastructure projects, zoning changes, or shifts in regional economics which could impact future market conditions.
