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, the real estate market is experiencing stable growth. The median house price is currently sitting at $500,000, which marks a year-over-year increase of 3.5%. This indicates a healthy appetite for single-family homes in the area. Meanwhile, the median apartment price has reached $300,000, with a slightly lower growth rate of 2.1% compared to houses.
The population of Capreol has recently grown to approximately 15,000 residents, reflecting a substantial population growth of 7.1%. This demographic expansion has been a significant driver of demand in the local real estate market. With more people moving into the area, the need for housing has escalated, contributing to the steady rise in property values.
Investment Opportunities and Potential
The consistent growth in property values within Capreol presents attractive investment opportunities. Investors looking to enter or expand their portfolio in the single-family home segment can expect continued appreciation given the current 3.5% year-over-year trend. Apartments also offer a viable entry point or diversification option with their 2.1% growth rate.
The robust population growth suggests that rental properties may also be an area with strong potential. An increasing number of residents may lead to higher demand for rental accommodations, which could drive both rental rates and occupancy levels upward—benefiting landlords and property investors alike.
Future Market Outlook
The real estate market in Capreol is poised for sustained growth in the foreseeable future. The strong population increase serves as an indicator of long-term demand for housing, which could continue propelling property values upward. Assuming that economic conditions remain favorable and local developments continue attracting new residents, both the housing and apartment markets are likely to maintain their positive momentum.
Investors should monitor factors such as employment rates, infrastructure developments, and interest rates as they can influence market conditions significantly. Nonetheless, given current trends and demographic shifts, Capreol’s real estate market presents a promising outlook for those considering investment or homeownership in this community.
