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 currently experiencing consistent growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market indicates a stable upward trend for detached homes. Additionally, apartments are becoming increasingly popular due to their more accessible median price point of $300,000, which has seen a year-over-year growth of 2.1%. The population in Carlington has reached 15,000 residents with a robust growth rate of 7.1%, suggesting a rising demand for housing in the area.
Investment Opportunities and Potential
For investors considering Carlington’s real estate market, there are several opportunities that stand out due to the area’s steady growth. Single-family homes represent a reliable asset class given their consistent appreciation rate. However, apartments should not be overlooked—given their lower entry price and positive trend in value increase, they offer an attractive investment option with potential for rental income and capital gains.
Future Market Outlook
The future outlook for Carlington’s real estate market remains optimistic given the current trends and demographic growth patterns. If the population continues to grow at a rate of 7.1%, demand for housing will likely keep pace, supporting both rental and resale markets. The steady increase in property values suggests that investments made today could yield substantial returns in the future. As long as economic conditions remain favorable and infrastructure development keeps up with population growth, Carlington’s real estate market is poised for continued success.
