Centreton, 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 Centreton, Ontario is currently exhibiting steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is reflective of a healthy demand for residential properties. The median apartment price is positioned at $300,000, with a more modest year-over-year increase of 2.1%. This differential suggests that while the apartment market is growing, it is doing so at a slower pace than the housing market.
The population of Centreton has been experiencing significant growth at a rate of 7.1%, indicating a burgeoning community that could continue to fuel demand for housing in the area. This demographic trend is critical as it may lead to sustained pressure on the housing supply, potentially resulting in continued price appreciation and low vacancy rates for rental properties.
Investment Opportunities and Potential
The robust population increase presents an opportunity for investors to capitalize on the expanding need for housing. Given the steady rise in property values, long-term investment in residential real estate could be promising. The current trends suggest that purchasing single-family homes or developing apartment complexes might yield substantial returns through both capital appreciation and rental income.
Furthermore, the slower growth rate in apartment prices compared to houses indicates an untapped potential in this segment. Investors focusing on apartments may benefit from more competitive purchasing opportunities and the ability to cater to a rental market that might expand as new residents look for more affordable housing options.
Future Market Outlook
Looking forward, it’s reasonable to anticipate that Centreton’s real estate market will continue its upward trajectory, supported by strong population growth and consistent demand for housing. If the local economy keeps pace with this demographic expansion and offers sufficient employment opportunities, the real estate market should remain vibrant.
An important consideration for future outlook is any potential intervention by government policies aimed at cooling overheated markets or providing affordable housing solutions. Such measures could temper price growth or alter demand patterns.
In conclusion, Centreton’s real estate market appears poised for continued growth. Prospective investors should monitor local economic developments and policy changes closely while considering diversification within both the housing and apartment sectors to mitigate risks associated with market fluctuations.
