Carp, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carp, Ontario currently presents a stable and growing environment with a consistent increase in property values. The median house price in the area stands at $525,000, reflecting a year-over-year growth of 4%. This steady increase indicates a healthy demand for detached homes and an upward trajectory in the local housing market.
In contrast, the median apartment price is observed at $315,000, with a slightly lower growth rate of 2.5% year-over-year. The less pronounced increase in apartment prices suggests a more moderate but still positive progression in this segment of the market.
The population of Carp has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion is likely contributing to the sustained demand for housing and could be indicative of broader economic growth within the community.
Investment Opportunities and Potential
Given the steady rise in property values and robust population increase, Carp presents several enticing opportunities for real estate investors. The upward trend in house prices signals potential for capital gains over the long term, making purchases of residential properties particularly attractive for those looking to invest in single-family homes.
The slower pace of growth in apartment prices may appeal to investors seeking entry points into the real estate market at a lower threshold while still benefiting from gradual appreciation. Moreover, demographic trends suggest that rental demand is likely to remain strong, offering investors an opportunity to generate consistent rental income alongside potential appreciation benefits.
Future Market Outlook
The future outlook for Carp’s real estate market appears optimistic. With ongoing population growth and a demonstrated pattern of rising property values, the area is poised for continued expansion. Assuming these trends maintain their course, investors and homeowners could reasonably expect further appreciation in property values.
The sustained investment into local infrastructure and amenities that typically accompanies population growth could also enhance the attractiveness of Carp as a place to live and invest, potentially leading to increased demand for both houses and apartments.
In conclusion, while no market is without risk, current indicators point towards a positive trajectory for Carp’s real estate sector. Stakeholders may find this market well-suited for both short-term gains through rental income and long-term capital appreciation.
