Campbellford, 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 Campbellford, Ontario, is characterized by steady growth and consistent demand. With a median house price of $500,000, the market has experienced a respectable year-over-year increase of 3.5%. This suggests a healthy market where property values are appreciating at a sustainable rate.
Apartments in Campbellford are more affordable, with a median price of $300,000 and have seen a smaller year-over-year price trend of 2.1%. These figures indicate that while the apartment market is growing, it is doing so at a more moderate pace compared to houses.
The population of Campbellford stands at 15,000 with a robust growth rate of 7.1%, which may be contributing to the growing demand for housing in the area. This demographic expansion can be seen as an indicator of economic vitality and potential for increased housing demand in the future.
Investment Opportunities and Potential
For investors looking to enter the Campbellford real estate market, there are promising opportunities particularly in residential properties. The steady appreciation of house prices reflects a market with investment potential. The consistent growth suggests that investments made now could yield solid returns as property values increase over time.
The more moderate growth in the apartment sector presents an opportunity for investors seeking more affordable entry points into the real estate market. Given the population increase, demand for rental properties is likely to rise, potentially driving up both rental income and property values for apartment owners over time.
Investors might also consider exploring new construction or renovation projects, capitalizing on the population growth to meet the rising housing demand in Campbellford.
Future Market Outlook
Looking forward, the future market outlook for Campbellford’s real estate seems cautiously optimistic. The town’s significant population growth is expected to sustain demand for both buying and renting properties. Should this trend continue, it would likely result in further appreciation of property values and potential tightening of the housing supply.
However, it is important for investors to monitor external factors such as interest rates, economic conditions both locally and nationally, and government housing policies which can impact market dynamics. Careful consideration of these elements will be crucial in assessing future risks and opportunities within Campbellford’s real estate market.
