Chatsworth, 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
The current real estate market in Chatsworth, Ontario, reflects a stable and modestly growing environment. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy growth that aligns with national trends. Similarly, apartments in the area are experiencing a 2.1% year-over-year price increase, with a median price of $300,000. These trends indicate a balanced market that is accessible to both first-time homebuyers and those looking to invest in property.
Chatsworth’s population has grown by 7.1%, suggesting an increasing demand for housing as more people choose to call this region their home. This influx is likely contributing to the steady appreciation in property values and can be expected to support ongoing market vitality.
2. Investment Opportunities and Potential
The real estate market in Chatsworth presents several investment opportunities. The consistent growth in property values suggests that purchasing residential real estate in this area could yield solid returns over time. Furthermore, the demographic expansion underlines the potential for rental properties to meet the needs of new residents who may not be ready to enter the homeownership market.
With median prices for houses and apartments still within reach for many Canadians, investors could benefit from both capital appreciation and rental income streams. The historical data implies that investing in Chatsworth’s real estate has been less volatile compared to larger markets, which might appeal to those seeking more stable investments.
3. Future Market Outlook
Looking ahead, Chatsworth’s real estate market shows promising prospects for sustained growth. The continuing population increase will likely further propel demand for housing, maintaining upward pressure on both prices and rent rates. Assuming no major economic shifts occur, Chatsworth could see continued moderate growth in line with recent trends.
The town’s affordability relative to larger urban centers may continue to attract newcomers seeking a better cost of living without straying too far from urban amenities. As infrastructure and community services expand to meet the needs of a growing populace, we can anticipate that Chatsworth will remain an attractive locale for both living and investing.
In conclusion, Chatsworth offers a stable investment landscape with room for growth and should be considered by anyone looking at long-term real estate investment opportunities.
