Cargill, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cargill, Ontario is experiencing steady growth, as reflected by the current median house price of $525,000, which indicates a year-over-year increase of 4.2%. This suggests a healthy market with consistent appreciation in property values. Similarly, the median apartment price stands at $310,000, with a slightly lower growth rate of 2.5% year-over-year.
The population of Cargill has reached 15,500 residents, growing at a rate of 3.3%. This demographic expansion is a key driver for demand in housing, both in terms of purchase and rental markets. The strong population growth paired with the positive trends in property values suggests that the market is robust and could present opportunities for investment.
Investment Opportunities and Potential
Investors looking at Cargill’s real estate landscape will find potential in both the residential housing and apartment sectors. The consistent increase in median house prices indicates that purchasing property could yield capital gains over time due to the appreciating market. The demand for housing fueled by population growth also positions rental properties as an attractive investment option with the potential for stable rental income streams.
With apartments showing a modest yet consistent increase in value, investors may consider this segment for diversification purposes or to cater to individuals and smaller households who prefer this type of accommodation. The lower entry price point for apartments compared to houses could allow investors to enter the market more easily or acquire multiple units.
Future Market Outlook
The future outlook for Cargill’s real estate market appears positive based on existing trends. Assuming no major economic disruptions occur, the ongoing population growth and steady appreciation rates suggest that both housing and apartment markets are poised for continued expansion.
Furthermore, as more people move to Cargill seeking employment opportunities or a higher quality of living, demand is likely to remain strong. Investors can remain cautiously optimistic about medium to long-term returns on investment within this market. However, it is crucial to monitor economic indicators and local developments closely as they can significantly impact real estate dynamics.
