Casselman, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 in Casselman, Ontario
In Casselman, Ontario, the real estate market has been demonstrating steady growth. The median house price currently stands at $500,000, which represents a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the area, likely driven by both local factors and broader provincial trends. Meanwhile, the apartment sector is also showing an upward trajectory with a median price of $300,000 and a more moderate year-over-year rise of 2.1%. The divergent trends between houses and apartments may reflect a stronger preference for larger living spaces or could indicate a higher demand for family-sized accommodations.
Investment Opportunities and Potential in Casselman, Ontario
The investment landscape in Casselman presents several opportunities. With a population of approximately 15,000 that has grown by 7.1%, there is potential for increased rental demand, particularly as the population continues to expand. The steady appreciation in property values indicates a resilient market that could be favorable for long-term capital gains.
For investors considering entry into the Casselman real estate market, single-family homes represent a compelling option given their stronger appreciation rate. However, apartments should not be overlooked as they offer a more accessible price point and may cater to different demographics such as young professionals or smaller households seeking affordable housing options.
Future Market Outlook for Casselman, Ontario
The future outlook for Casselman’s real estate market appears promising. Given the solid population growth rate of 7.1%, it can be anticipated that housing demand will continue to rise. This demographic trend, coupled with consistent property value increases, suggests sustained market health.
In light of these factors, Casselman may continue to experience moderate yet steady price appreciation in both the house and apartment sectors. Investors and homeowners alike should remain optimistic about the potential for ongoing growth in property values. Nonetheless, market conditions should be monitored regularly for any economic changes that could impact real estate dynamics locally or across Ontario.
Note: It is important to recognize that real estate markets are influenced by numerous variables including economic conditions, interest rates, and local developments. Therefore, while current trends can provide guidance on what might happen in the future, they cannot guarantee outcomes and should always be considered alongside comprehensive market analysis and expert advice.
