Catchacoma, 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 Catchacoma, Ontario, is currently characterized by modest growth. The median house price stands at $500,000 with a year-over-year increase of 3.5%. This growth rate indicates a relatively stable market that is slightly outpacing inflation, suggesting a healthy demand for single-family homes. In contrast, the median apartment price has reached $300,000 and is experiencing a more conservative growth trend at 2.1% year-over-year. The difference in growth rates between houses and apartments may reflect differing levels of demand or potentially varying rates of new apartment construction compared to single-family homes.
Investment Opportunities and Potential
As an area with a population of 15,000 that has seen a 7.1% growth, Catchacoma exhibits strong demographic trends that could underpin future real estate demand. Investment opportunities may be particularly promising in the single-family home segment where the market shows stronger appreciation. The steady growth in housing prices suggests that investments are likely to benefit from capital appreciation over time.
Moreover, given the population increase, there may also be untapped potential in the development of new housing units to meet rising demand. Investors could look into opportunities for both residential development projects and buy-to-let properties considering the current market dynamics.
Future Market Outlook
The future outlook for Catchacoma’s real estate market appears cautiously optimistic. With consistent growth in property values and an expanding population base, demand for housing is expected to remain robust. Assuming no significant economic downturns or external shocks, both sectors of the housing market – houses and apartments – are poised for continued moderate growth.
Investors should monitor local economic drivers and be mindful of interest rate changes which could affect mortgage affordability and influence market conditions. Nonetheless, if the current trends persist alongside population growth, Catchacoma’s real estate market could see sustained health over the medium to long term.
