Carlington, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Carlington, Ontario, is characterized by a steady growth pattern. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing sector remains robust. This consistent increase in house prices indicates sustained demand and a stable economic environment within the community. The median apartment price stands at $300,000, with a slightly lower year-over-year growth rate of 2.1%. This difference in growth rates suggests that houses are currently more sought after than apartments, potentially due to preferences for larger living spaces or investment strategies favoring standalone properties.
Carlington’s population has grown by 7.1%, signaling an influx of new residents and potential homebuyers. This demographic expansion contributes to the demand for housing and can be seen as a positive indicator for the continued health of the real estate market.
Investment Opportunities and Potential
The consistent increase in property values presents promising investment opportunities in Carlington. The steady house price trend offers potential for capital gains over time, making it attractive for long-term investors seeking to expand their portfolios with residential assets. Moreover, the growing population suggests an upward trend in rental demand, which could benefit investors interested in generating passive income through rental properties.
Given the current trends, investing in houses could yield higher capital appreciation; however, apartments also present a viable option for those looking to enter the market at a lower price point or cater to individuals who prefer apartment-style living. Investors should consider local development plans, zoning changes, and infrastructure improvements as these factors may influence future property values and rental demand.
Future Market Outlook
Looking ahead, the future market outlook for Carlington is optimistic. Factors such as population growth and consistent property value appreciation suggest that demand for housing will likely continue to rise. Assuming no major economic disruptions occur, both house and apartment markets are poised for continued growth. Investors and homebuyers can expect a competitive market environment with potential for further price increases.
It is important to monitor interest rates, employment levels, and regional economic policies as they can have significant impacts on affordability and market dynamics. For those considering entering the market, acting sooner rather than later may be advantageous given current trends.
