Carden, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Carden, Ontario is currently experiencing modest but steady growth. The median house price stands at $520,000, reflecting a year-over-year increase of 2.8%. This indicates a stable market with consistent demand for housing. Apartments are also showing a similar trend, with the median price at $310,000 and growing by 2.3% over the same period.
The population of Carden is currently around 15,500 residents, with a healthy growth rate of 3.3%. This demographic expansion is likely contributing to the sustained demand for housing in the area and could be a driving force behind the steady appreciation in property values.
Investment Opportunities and Potential
Investors looking at Carden’s real estate market can find opportunities particularly in residential properties. Given the consistent rise in property values for both houses and apartments, long-term investment strategies could yield positive returns. Additionally, the population growth suggests that rental properties may be in higher demand, potentially generating attractive rental yields for investors.
New developments and infrastructure projects could further bolster investment potential in the region. Investors are advised to monitor zoning changes and new construction plans as these can create new opportunities or enhance the value of existing properties.
Future Market Outlook
The future outlook for Carden’s real estate market appears optimistic. The combination of steady population growth and consistent property value increases suggests that the market is set for continued expansion. Barring any unforeseen economic shifts or regulatory changes, investors and homeowners alike can anticipate a stable market environment.
However, potential investors should remain vigilant regarding interest rate trends and housing supply dynamics, as these factors can significantly impact market conditions. It’s recommended to conduct thorough due diligence and consider engaging with local real estate experts to navigate the market effectively.
