Camlachie, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| 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 | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Camlachie, Ontario, the real estate market is currently experiencing steady growth. With a median house price of $525,000 and a year-over-year increase of 4%, the market demonstrates a healthy upward trend in property values. Similarly, the median apartment price stands at $320,000, which has risen by 2.5% compared to the previous year. This growth indicates a robust demand for housing in the area, likely driven by Camlachie’s growing population, which has recently seen a 3.3% increase.
Investment Opportunities and Potential
The positive market trends in Camlachie present appealing opportunities for investors. The consistent growth in housing prices suggests that investments in residential properties are likely to appreciate over time. With the median prices for houses and apartments showing incremental rises annually, potential investors could see significant returns on both long-term property holdings and short-term real estate ventures such as fix-and-flip projects.
Diversifying into rental properties could also be advantageous due to the increasing demand from the rising population. Given that Camlachie’s population is expanding at a rate of 3.3%, there is potential for sustained rental income and reduced vacancy rates for investors considering multi-family dwellings or apartment buildings.
Future Market Outlook
Looking ahead, Camlachie’s real estate market exhibits promising signs for ongoing growth. The steady increase in median property prices coupled with continued population expansion lays the groundwork for a resilient and potentially lucrative market. If current trends persist, investors can reasonably anticipate further appreciation in property values and sustained demand for housing.
However, it is important to monitor external economic factors that could influence future market conditions such as interest rate changes, employment rates within the region, and broader national economic health. Keeping an eye on these indicators will be key to understanding and forecasting the potential shifts in Camlachie’s real estate landscape.
