Carden, 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 Carden, Ontario is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows healthy appreciation rates that are indicative of a stable investment climate. Similarly, apartments in the region have seen a price trend increase of 2.1% year-over-year, with the median apartment price sitting at $300,000. This suggests a balanced demand for both housing types in the local market.
Investment Opportunities and Potential
For potential investors, Carden presents several attractive opportunities. The consistent growth in property values reflects positively on investment stability and potential capital gains over time. The area’s population growth of 7.1% is a strong indicator of increasing demand for housing, which may further drive property prices upwards. This demographic trend can be leveraged by investors looking to engage in both the residential housing and rental markets within Carden.
Future Market Outlook
The future outlook for the real estate market in Carden is optimistic. Given the current trajectories of property value increases and population growth, it is reasonable to expect that the real estate market will continue to flourish in the foreseeable future. Continued investments into local infrastructure and community amenities alongside these trends are likely to bolster desirability for living in Carden, thereby potentially enhancing property values even further.
