Cardiff, 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 Cardiff, Ontario currently has a median house price of $500,000, with a year-over-year increase of 3.5%. This indicates a stable growth trend, reflecting a healthy demand for houses in the area. On the other hand, the median apartment price stands at $300,000, showing a more modest growth of 2.1% year-over-year. The differing growth rates suggest that while both sectors are expanding, houses are experiencing slightly higher demand pressures compared to apartments.
The population of Cardiff has seen a significant upswing with a growth rate of 7.1%, which is substantially higher than the national average. This surge in population is likely contributing to the increased demand for housing and could be indicative of an influx of new residents finding employment or educational opportunities in the region.
Investment Opportunities and Potential
In light of Cardiff’s growing population and consistent property value appreciation, there are promising investment opportunities in both residential housing and apartment sectors. The stronger growth in house prices may appeal to investors looking for potentially higher capital gains, whereas the steadier pace in the apartment market might attract those interested in long-term income generation through rentals.
With the current trends, investing in properties that cater to the needs of new residents—such as family homes or rental units for young professionals—could be particularly strategic. Given the sizeable population increase, there is likely to be a sustained demand for various housing types, making diversified real estate portfolios an attractive option for investors.
Future Market Outlook
The future outlook for Cardiff’s real estate market remains optimistic. As long as the region continues to attract new residents at its current rate, demand for housing is expected to remain robust. If economic conditions stay favorable and support job creation and affordability, we can anticipate continued moderate growth in property values across both houses and apartments.
The current trends suggest that while there may not be explosive growth in property prices, investors can expect steady appreciation and potential rental income opportunities due to ongoing population increases. Investors should monitor local economic developments and infrastructure investments closely, as these factors will play critical roles in shaping Cardiff’s real estate landscape moving forward.
