Casselman, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 Casselman, Ontario, is currently experiencing a period of steady growth. The median house price stands at $525,000, reflecting a year-over-year increase of 4%. This indicates a healthy demand for single-family homes in the area. The market for apartments is also showing signs of growth, albeit at a slightly more modest pace, with the median apartment price at $320,000 and an annual increase of 2.5%. These trends suggest that Casselman’s real estate market is expanding consistently but not overheating.
Investment Opportunities and Potential
With Casselman’s population growing at a rate of 3.3%, there is an increasing demand for housing which presents significant opportunities for both residential and rental property investors. The consistent rise in property values indicates that investments in local real estate can be expected to appreciate over time. Moreover, the stronger growth rate in house prices as compared to apartments points towards a potentially higher return on investment for single-family homes. Nevertheless, apartments may offer an attractive entry point for investors focused on the rental market due to their lower acquisition costs and growing rental demand.
Future Market Outlook
The future market outlook for Casselman remains positive. The steady population growth is likely to continue driving demand for housing and supporting property value appreciation. Assuming economic conditions remain stable and no major policy changes occur that would significantly affect the housing market, both homebuyers and investors can expect continued growth in their property investments. However, it is important to monitor interest rate trends, employment rates in the region, and any potential supply constraints that could impact future market dynamics.
