Cartier, 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
1. Current Market Conditions and Trends
The real estate market in Cartier, Ontario has shown steady growth over the past year. With a median house price of $500,000, the market has experienced a 3.5% increase year-over-year. This indicates a healthy demand for housing in the area, reflecting overall economic stability and consumer confidence within the region.
Similarly, the market for apartments has demonstrated resilience, with a median price point of $300,000 and a growth trend of 2.1% year-over-year. Despite a slower growth rate compared to houses, apartments remain a popular choice for residents seeking more affordable housing options or investment properties.
The population of Cartier stands at 15,000 and has seen an impressive growth of 7.1%. This robust increase suggests that Cartier is an attractive location for individuals and families looking for residential opportunities, possibly driven by employment prospects, amenities, or community development initiatives.
2. Investment Opportunities and Potential
Investors considering the Cartier real estate market can be optimistic about its potential. The consistent rise in property values indicates that investments made today are likely to appreciate over time. The significant population growth contributes to sustained demand for rental properties, making it an auspicious time to invest in rental apartments or homes.
With house prices appreciating at a faster rate than apartments, single-family homes present an opportunity for higher capital gains. However, the lower entry point for apartments may attract investors seeking to diversify their portfolios or those with more modest investment capital.
3. Future Market Outlook
The future outlook for Cartier’s real estate market appears promising due to ongoing population growth and economic factors that support housing demand. If current trends continue along with regional economic development plans and infrastructure improvements, both the median house and apartment prices are expected to maintain their upward trajectory.
However, investors and prospective homeowners should stay informed about any changes in local policies or economic shifts that could impact market conditions. Vigilance and timely analysis will be key to leveraging Cartier’s real estate potential effectively.
