Candyville, 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 Candyville, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and a positive year-over-year trend of 3.5%, the market demonstrates resilience and continued demand for residential properties. Similarly, the apartment sector is also showing signs of healthy activity with a median price of $300,000 and a growth trend of 2.1% over the past year.
The population of Candyville stands at 15,000 residents, which has risen by an impressive 7.1%. This significant population growth suggests a robust influx of new residents and potential homebuyers or renters, which may continue to drive demand for housing in the area.
Investment Opportunities and Potential
Given the current market conditions, Candyville presents several attractive investment opportunities. The steady increase in housing prices indicates that purchasing residential real estate could yield favorable returns over time. Investors should note that single-family homes are particularly desirable, as reflected by the higher growth rate in median house prices compared to apartments.
Additionally, with Candyville’s strong population growth, there is potential for increased rental demand, making buy-to-let investments particularly appealing. With apartments showing a more modest price increase than houses, they offer an accessible entry point for investors seeking to capitalize on the growing rental market without committing to the higher investment of a single-family home.
Future Market Outlook
The future outlook for Candyville’s real estate market remains optimistic. The sustained population growth coupled with upward trending property values suggests that both the demand for housing and investment returns will likely continue their positive trajectory. However, potential investors and homebuyers should monitor local economic factors and development plans that could impact future property valuations and market dynamics.
Furthermore, as Candyville continues to attract new residents, infrastructure development and improvements to public services are expected to follow suit, potentially increasing property values further. Careful analysis of upcoming projects and neighborhood developments will be crucial for those looking to make informed decisions in this active market.