Campbellville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $850,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $700,000 |
| 3 bedrooms | $850,000 |
| 4 bedrooms | $950,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $380,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Campbellville, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $850,000, reflecting a year-over-year increase of 2.9%. This indicates a healthy market with consistent appreciation in property values. On the other hand, the median apartment price is currently at $450,000, which has seen a more modest year-over-year growth of 1.5%. This slower rate of growth for apartments may suggest a slightly softer market for these types of properties or potentially a greater supply relative to demand.
Investment Opportunities and Potential
Given the population of Campbellville is around 15,000 with a growth rate of 3.4%, there is evidence of an expanding community which may drive future demand for housing. The steady increase in property values presents potential investment opportunities, particularly in the housing sector. Single-family homes, given their higher rate of value appreciation, seem especially attractive for investors looking for capital gains.
Further analysis would be recommended to assess rental market trends and yields to determine the viability of buy-to-let investments. It’s also worth noting that new developments and infrastructure projects could enhance property values over time, thus offering attractive prospects for long-term real estate investment.
Future Market Outlook
The future outlook for Campbellville’s real estate market appears positive. With population numbers on the rise, demand for housing is likely to continue growing. Both market stability and incremental price growth present favorable conditions for sustained investment.
However, it’s important to consider broader economic factors such as interest rates, employment rates, and regional economic development which can impact future real estate performance. Investors and homebuyers should maintain awareness of such dynamics when making decisions. Ongoing monitoring of both local and national economic indicators will be critical in forecasting the long-term trajectory of Campbellville’s real estate market.
