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
Current Market Conditions and Trends
The real estate market in Cartier, Ontario, is currently experiencing steady growth. The median house price in the region stands at $500,000, indicating a year-over-year increase of 3.5%. This growth rate suggests a stable market with consistent demand for housing. Similarly, the apartment sector has also seen a positive trend with the median apartment price reaching $300,000, which is up by 2.1% from the previous year.
These statistics reflect a healthy market where property values are gradually appreciating. The population of Cartier is approximately 15,000 and has experienced a significant growth of 7.1%, which may be contributing to the housing demand and subsequent price increases.
Investment Opportunities and Potential
Given the steady increase in property values and population growth, Cartier presents promising investment opportunities for both residential and rental markets. The rising median prices indicate that purchasing property could yield capital gains over time as the market continues to strengthen.
For investors interested in rental properties, the growing population suggests that there could be a sustained or increasing demand for rental accommodations. This is particularly relevant for apartments due to their more accessible price point at $300,000 and favorable appreciation trend.
Furthermore, the consistent growth in housing prices at a moderate pace suggests that Cartier is less likely to experience abrupt market fluctuations, making it an attractive option for long-term investments.
Future Market Outlook
The future real estate market outlook for Cartier is optimistic based on current trends and data. Assuming that the population continues to grow at a similar or higher rate, demand for housing is likely to remain strong or even increase. This should continue to support gradual property value appreciation.
However, it’s important for potential investors and homeowners to consider economic factors such as employment rates, interest rates, and local industries’ performance as these will also have significant impacts on the future state of the real estate market in Cartier.
In conclusion, while current trends point towards a positive outlook for Cartier’s real estate market over the coming years, ongoing monitoring of local and broader economic indicators will be crucial for accurate forecasting and informed decision-making.
