Camlachie, 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 Camlachie, Ontario is currently exhibiting steady growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing and a competitive market landscape. Similarly, the apartment sector is also showing positive momentum with a median price of $300,000 and an annual appreciation rate of 2.1%.
The population of Camlachie has reached approximately 15,000 residents, growing at a notable rate of 7.1%. This significant population growth is a key driver for the sustained demand in the housing market, contributing to the overall stability and upward pricing trends observed in recent statistics.
Investment Opportunities and Potential
Given the current market dynamics, Camlachie presents several promising investment opportunities. The consistent appreciation in house prices suggests that purchasing residential properties could lead to substantial capital gains over time. Investors should take note of the area’s increasing population and demand as indicators of potential rental income stability and growth.
Apartments, with their relatively lower median price point and steady appreciation, offer an accessible entry into the real estate market for investors looking to diversify their portfolios or for first-time investors seeking more manageable investments.
The ongoing development within the region and infrastructural enhancements are likely to further bolster property values, making Camlachie an attractive option for both short-term investors looking for flipping opportunities and long-term investors focusing on rental properties.
Future Market Outlook
The future outlook for Camlachie’s real estate market remains optimistic. With its robust population growth fueling demand, it is anticipated that both house and apartment prices will continue to trend upwards. The consistent growth pattern aligns with broader regional economic developments that suggest sustainable expansion.
However, potential investors and homeowners should remain vigilant about national economic factors such as interest rate changes, lending policies, and broader market fluctuations that could impact local real estate scenarios.
In conclusion, while current trends point towards a favourable investment climate in Camlachie, stakeholders should continue to monitor market data closely to make informed decisions that align with their investment goals and risk profiles.
