Centreview, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $440,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Centreview, Ontario, currently presents a stable and moderately appreciating environment. With a median house price of $520,000 and a year-over-year growth rate of 4.2%, the market is experiencing healthy growth that outpaces inflation, suggesting increased homeowner equity for existing property owners. Similarly, the apartment sector shows resilience with a median price of $310,000 and a growth trend of 2.5% year-over-year.
This positive trajectory is further underscored by Centreview’s population growth of 3.3%, indicating a robust demand for housing as more people are drawn to the area. The consistent increase in population often correlates with a sustained need for both rental and owner-occupied housing stock, which could perpetuate the current upwards pricing trend.
Investment Opportunities and Potential
For investors considering Centreview’s real estate market, there are promising opportunities particularly in residential properties. The steady rise in median home prices suggests that purchasing single-family homes for long-term appreciation could be a lucrative strategy. Furthermore, the region’s growing population provides an expanding rental market for those considering buy-to-let investments in both houses and apartments.
The slower growth rate in apartment prices compared to houses indicates that apartments may offer an affordable entry point into the real estate market with potential for future appreciation. Additionally, this could also present an opportunity for developers to meet the increasing demand for multifamily units.
Future Market Outlook
The future outlook for Centreview’s real estate market remains optimistic given the strong fundamentals evidenced by ongoing population growth and upward pricing trends. Assuming these trends continue, we can anticipate further price appreciation across both housing and apartment markets.
However, investors should remain cognizant of external economic factors such as interest rates, employment rates in the region, and broader national economic conditions that could affect local real estate dynamics. Careful monitoring of such indicators will be key in making informed investment decisions within Centreview’s real estate market moving forward.
