Cheeseborough, 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 Cheeseborough, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This gradual appreciation in house prices indicates a healthy demand in the local housing market that is likely to continue. Similarly, the median price for apartments has seen a rise to $300,000, growing at a slightly lower rate of 2.1% year-over-year. Such trends suggest a balanced market where both buyers and sellers can find opportunities.
Investment Opportunities and Potential
With Cheeseborough’s population expanding at an impressive rate of 7.1%, investment opportunities are ripe, particularly in residential properties. The consistent increase in property values offers potential for capital gains over time. Investors should consider the burgeoning demand for housing, driven by the population growth, which may lead to a tightening market with potential rent increases and low vacancy rates, especially in the apartment sector.
Future Market Outlook
The future of Cheeseborough’s real estate market appears promising. As the population continues to grow, currently noted at approximately 15,000, demand for housing is expected to follow suit. If the current trends persist, investors and homeowners can anticipate continued property value appreciation and potentially strong rental markets. However, it is crucial for stakeholders to monitor economic factors and development plans that could influence supply and demand dynamics.
