Candyville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, Candyville’s real estate market exhibits steady growth, with a notable increase in housing prices. The median house price in the region is currently $520,000, marking a 4.2% year-over-year increase. This trend reflects a healthy demand for single-family homes and the region’s overall economic stability.
Similarly, the market for apartments has seen a positive trend, albeit at a slower pace. The median apartment price stands at $315,000, with a growth of 2.5% year-over-year. This growth rate suggests a consistent yet moderate demand for multi-family units, hinting at an influx of smaller households or investors looking for rental properties.
Candyville’s population has reached 15,200 residents and is growing at an impressive rate of 2.7%. This population growth is likely driving the housing demand and supporting property value appreciation across the board.
Investment Opportunities and Potential
The current trends in Candyville’s real estate market point to several promising investment opportunities. The steady climb in house prices indicates room for capital gains for those investing in residential properties. Moreover, as the town’s population continues to expand, housing demands are expected to rise, potentially leading to greater rental yields for buy-to-let investors.
Apartments offer a more accessible entry point into the market with a lower median price point but still provide a respectable appreciation trend. Investors looking to cater to smaller families or professionals may find apartments particularly appealing due to their affordability and potential for passive income through rentals.
The ongoing development and population growth within Candyville suggest that both commercial and residential investments could benefit from increased local spending power and housing needs. Strategic investments in areas poised for expansion or redevelopment could yield significant returns over time.
Future Market Outlook
The future market outlook for Candyville remains optimistic given current trends and underlying factors. With an annual population growth rate of 2.7%, demand for housing is expected to remain robust. This persistent demand should continue to prop up property values and potentially lead to further price increases across both houses and apartments.
Foresight into infrastructure projects, zoning changes, or significant commercial developments could provide additional momentum to the market. Investors should monitor such developments closely as they could impact property values and desirability in different parts of Candyville.
Overall, while no market can be entirely predictable, indicators suggest that Candyville’s real estate market may continue on its upward trajectory in both the short and medium term. As with any investment decision, it is advisable for investors to conduct thorough research or consult with local real estate experts before committing capital.
