Cambray, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 Cambray, Ontario is currently experiencing modest growth. The median house price in the area stands at $520,000, indicating a stable year-over-year increase of 4.2%. This suggests a healthy demand for single-family homes, which could be attributed to the town’s desirable living conditions and amenities. Similarly, the median apartment price has grown to $310,000, showing a slower but steady year-over-year rise of 2.5%. This growth in the apartment sector may reflect a trend among individuals and smaller households seeking more affordable housing options within Cambray.
The population of Cambray has reached approximately 15,500 residents with an annual growth rate of 3.3%. This consistent population increase contributes to the sustained demand for housing in the region and is likely to continue fueling the market’s upward trajectory.
Investment Opportunities and Potential
For investors considering Cambray’s real estate market, there is potential for solid returns given the area’s steady price appreciation. Investment in single-family homes could be particularly lucrative due to their higher appreciation rate compared to apartments. Moreover, with a growing population and a trend towards homeownership, there might be opportunities to invest in new housing developments or renovations of existing properties.
Apartments also present an attractive venture for those looking to cater to first-time home buyers or renters seeking affordable living options. With their lower entry price point and consistent price growth, apartments could also be a strategic investment for those aiming at long-term capital gains or rental income.
Future Market Outlook
The future market outlook for Cambray remains positive. Given the area’s steady population growth and ongoing demand for housing, it is reasonable to anticipate that property values will continue their upward climb. The consistent year-over-year increases in both house and apartment prices indicate a resilient market that is likely to maintain its momentum in the foreseeable future.
In light of these trends, potential investors can approach the Cambray real estate market with cautious optimism. As always, it is recommended that investors conduct thorough research and consider local economic factors before committing to any real estate transactions.
