Capreol, 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 in Capreol, Ontario
As of the latest data, Capreol, Ontario is experiencing a steady real estate market. The median house price in the area is currently at $500,000, reflecting a year-over-year increase of 3.5%. This consistent growth trend suggests a stable market that is attracting homeowner interest without the volatility found in some other regions.
The apartment sector is also showing positive growth, albeit at a slower pace compared to houses. With a median price of $300,000 and a year-over-year appreciation of 2.1%, apartments are an attractive option for individuals looking for more affordable housing or investment properties.
The population of Capreol has reached 15,000 residents, which represents a substantial growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing in the area and could be indicative of increased economic activity and community development.
Investment Opportunities and Potential
The sustained growth in property values coupled with significant population increase positions Capreol as a promising location for real estate investment. Investors may find opportunities in both the detached housing market and the multifamily apartment segment. With houses appreciating slightly faster than apartments, there may be greater potential for capital gains in the single-family home sector.
For those considering rental property investments, the influx of new residents suggests a potentially growing rental market. This scenario may offer investors the chance to capitalize on rental income as well as long-term property appreciation.
Future Market Outlook
Looking forward, the real estate market in Capreol appears poised for continued growth. The robust population increase implies ongoing demand for housing which should support market stability. Furthermore, if current economic conditions persist and interest rates remain favorable, we can reasonably anticipate further upward trends in property values.
Investors and potential homeowners should monitor local economic developments and infrastructure projects that might influence future market dynamics. For now, with a solid trend of property value increases and notable population growth, Capreol represents an attractive market with promising prospects for both short-term and long-term investments.