Canborough, 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 Canborough, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for residential properties and a relatively competitive market for buyers. On the other hand, apartments in Canborough are slightly more accessible, with a median price of $300,000, which has increased by 2.1% from the previous year. The lower growth rate in apartment prices compared to houses suggests that there may be more opportunities for entry-level buyers or investors looking for smaller properties.
Investment Opportunities and Potential
With a population of 15,000 that has grown by an impressive 7.1%, Canborough’s expanding demographic could be a harbinger of sustained real estate demand. Investment opportunities are particularly promising for those considering rental properties or developments catering to the increasing population. The stable appreciation in property values adds to the potential return on investment over time. Investors should also note the higher growth rate in house prices relative to apartments, potentially indicating a stronger demand for family-sized dwellings or a preference for more spacious living accommodations.
Future Market Outlook
The future market outlook for Canborough is optimistic given the current trends and underlying demographic shifts. The steady growth in property values suggests confidence in the local real estate market’s stability and resilience. If population growth continues at its current pace, demand is likely to remain high, potentially driving property values up further. Consequently, both short-term investors looking to flip properties and long-term investors aiming for rental income may find attractive opportunities in this vibrant market.
