Chapleau, 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
1. Current Market Conditions and Trends
In Chapleau, Ontario, the real estate market has demonstrated consistent growth, with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This trend underscores a steady demand for housing in the area, which is further bolstered by a healthy population growth rate of 7.1%. The apartment segment is also experiencing positive momentum, with the median price at $300,000 and an annual appreciation rate of 2.1%. These metrics indicate a balanced market that is growing at a sustainable pace.
2. Investment Opportunities and Potential
The rising house and apartment prices in Chapleau suggest a robust investment potential for both residential properties and rental units. The population growth not only drives demand for housing but also presents an opportunity for investors to tap into the rental market. Given the town’s sizeable population of 15,000 and its increasing growth rate, there is potential for both short-term gains through property flipping and long-term wealth accumulation through property rentals or holding assets that appreciate over time.
3. Future Market Outlook
The outlook for Chapleau’s real estate market appears optimistic considering current trends and demographics. With a strong population growth rate that outpaces many other regions, Chapleau is likely to maintain or even accelerate its demand for housing. Should economic conditions remain favorable and infrastructure development keep pace with population growth, we can anticipate continued appreciation in property values. Both the residential housing and apartment sectors are expected to remain attractive to investors seeking stable returns in a growing community.
