Centreview, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,600.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Centreview, Ontario, is currently characterized by steady growth. With a median house price of $550,000, which represents a year-over-year increase of 4%, the market is showing consistent appreciation in property values. The median apartment price stands at $325,000, with a slightly lower growth trend of 2.5% year-over-year. These figures indicate a healthy demand for housing in the area, as well as a market that has remained resilient despite broader economic variables.
The population of Centreview has reached 15,500 and is on an upward trajectory with a growth rate of 3.3%. This demographic expansion is likely contributing to the sustained demand for housing in the region, impacting both rental and purchase markets.
Investment Opportunities and Potential
In light of the current market trends, investment opportunities within Centreview are promising. The steady increase in property values suggests strong capital gains potential for investors looking to enter the housing market. Single-family homes present an attractive option given their higher growth rate compared to apartments.
With the population growth outpacing national averages, there is potential for increased rental demand. This could provide investors with opportunities to purchase rental properties, such as apartments or multi-family dwellings. Given the slower growth rate in apartment prices compared to houses, investors may find more competitive entry points in this segment of the market.
Future Market Outlook
The outlook for Centreview’s real estate market remains positive. The persistent population growth serves as an indicator that demand for housing will continue to rise. Assuming that local economic conditions remain favorable and the supply side can meet demand without leading to oversaturation, it is reasonable to anticipate ongoing growth in property values.
Investors should monitor key factors such as interest rates, employment rates, and regional economic developments that could potentially impact buyer affordability and investment returns. However, assuming no major shocks to the economic system or drastic policy changes affecting real estate occur, Centreview’s real estate market looks poised for continued stability and growth over the coming years.
