Charnwood, 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 Charnwood, Ontario is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This rate of appreciation indicates a stable environment for homeowners and investors alike. In contrast, the median apartment price is slightly lower at $300,000, with a more modest year-over-year growth of 2.1%. The disparity in growth rates between house and apartment prices may suggest a higher demand for single-family homes in the region.
Charnwood’s population has seen a significant increase of 7.1%, which suggests that the area is becoming increasingly attractive to new residents. This influx can be attributed to factors such as the town’s amenities, quality of life, and employment opportunities. The growing population is likely contributing to the robust demand for housing and the consequent rise in property values.
Investment Opportunities and Potential
The current trends in Charnwood’s real estate market present various investment opportunities. The consistent increase in property values offers potential for capital gains over the long term. Investors considering rental properties may find apartments to be an attractive option due to their lower entry price point of $300,000, coupled with the overall growth trajectory of the market.
In addition to residential properties, the population growth could also lead to increased demand for commercial spaces, making them potentially lucrative investments. Investors should conduct thorough market research and consider factors such as location within Charnwood, potential development plans in the area, and demographic shifts when evaluating opportunities.
Future Market Outlook
The future outlook for Charnwood’s real estate market appears positive based on current trends and underlying demographics. Assuming that the area’s economic fundamentals remain strong and its population continues to grow at or above the current rate of 7.1%, demand for housing is expected to remain healthy.
If these conditions persist, it is reasonable to anticipate continued appreciation in property values across both houses and apartments, albeit at potentially varying rates. Prospective buyers and investors should monitor key economic indicators such as employment rates, infrastructure developments, and interest rates as they can impact market dynamics significantly.
In conclusion, Charnwood represents a stable real estate market with potential for both owner-occupiers and investors seeking medium to long-term growth. Ongoing analysis of local and broader economic conditions will be essential in making informed real estate decisions in this community.
