Camden, 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 Camden, Ontario, is currently experiencing a steady increase in property values. The median house price stands at $500,000, demonstrating a year-over-year growth of 3.5%. This indicates a healthy demand for houses in the area. Similarly, apartments are seeing appreciation with the median apartment price at $300,000, growing at a slower pace of 2.1% year-over-year. Camden’s population has reached approximately 15,000 residents and is expanding at an impressive rate of 7.1%, suggesting that the local economy is attracting newcomers and potentially driving housing demand.
Investment Opportunities and Potential
The positive growth rate in both house and apartment prices suggests that Camden offers promising investment opportunities for real estate investors and homebuyers alike. The continuous population growth further supports the potential for rental properties to meet the housing needs of new residents. With house prices experiencing a higher growth rate than apartments, investors may find greater long-term capital appreciation in the detached home market. However, apartments could offer more affordable entry points for new investors or provide rental units to cater to individuals or small families seeking housing in this expanding community.
Future Market Outlook
The future market outlook for Camden’s real estate seems optimistic given the current trends and population growth. Assuming the local economy continues to thrive and attract more residents, demand for housing is likely to remain strong or even increase. This could sustain or potentially accelerate the current upward trends in property values over the coming years. However, prospective investors and homebuyers should also consider wider economic indicators, interest rates, and regional developments which could impact these local trends. Monitoring these factors will be key to making informed decisions in Camden’s dynamic real estate market.