Cavanmonaghan, 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
The real estate market in Cavanmonaghan, Ontario is currently characterized by steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is demonstrating resilience and a stable investment environment. Similarly, apartments are also seeing a positive trend with a median price of $300,000 and a more modest appreciation of 2.1% over the past year.
The population of Cavanmonaghan stands at 15,000, which has grown by 7.1%. This significant growth indicates an increasing demand for housing in the area, which may be contributing to the upward pressure on real estate prices. The influx of new residents could be driven by various factors, including the attractiveness of the local economy, lifestyle offerings, or its proximity to larger urban centers.
Investment Opportunities and Potential
For investors looking at Cavanmonaghan’s real estate market, there are several compelling reasons to consider committing capital. The consistent growth in property values suggests that purchasing real estate in this region can serve as a hedge against inflation and potentially provide capital gains over the long term.
With the median house price sitting at half a million dollars and showing stable growth, single-family homes represent a solid investment opportunity for both rental income and value appreciation. Apartments offer a lower entry point at $300,000 and might appeal to investors seeking more affordable investment options or those looking to cater to singles or smaller households who prefer apartment living.
The population increase also presents an opportunity for developers and investors to meet the growing housing demand through new construction projects. Investors could benefit from both the short-term income during development phases and long-term asset appreciation.
Future Market Outlook
The future outlook for Cavanmonaghan’s real estate market appears optimistic. Assuming the continuation of current trends such as population growth and economic stability, it is likely that both property values and demand will continue to rise. The consistent year-over-year increases in house and apartment prices signal confidence in the local market’s fundamentals.
However, potential investors and homeowners should be mindful of external factors such as changes in interest rates, economic conditions, or government housing policies that could impact market dynamics. Keeping an eye on these factors will be crucial for making informed decisions regarding real estate investments in Cavanmonaghan.
