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 characterized by a steady growth in property values. With a median house price of $500,000 and an annual increase of 3.5%, the market demonstrates a healthy demand for single-family homes. Apartments are also seeing a positive trend with a median price of $300,000 and growing at a rate of 2.1% year-over-year. This is reflective of a broader national trend where housing prices have been on the rise.
The population of Cheeseborough has seen significant growth, with an increase of 7.1%, suggesting a burgeoning community that is likely contributing to the demand for housing. This demographic shift may be due to factors such as employment opportunities, quality of life, and the town’s amenities attracting new residents.
Investment Opportunities and Potential
Given the steady climb in property values and population growth, Cheeseborough presents several attractive opportunities for real estate investors. The consistent appreciation in house prices indicates that purchasing residential properties could yield considerable returns over time. Moreover, the strong population growth suggests that rental properties may also be a viable investment due to increased demand for housing from new residents.
Investors might also consider exploring the development of new construction or renovation projects to cater to the influx of residents seeking modern and updated living spaces. The current trends suggest that there could be a sizeable market for both high-end properties and affordable housing solutions.
Future Market Outlook
Looking forward, the real estate market in Cheeseborough is poised for continued growth. If current trends persist, we can anticipate further increases in property values and sustained demand for housing driven by population expansion. Local economic development initiatives and infrastructure investments could further enhance property values and attract more residents.
However, potential investors should keep an eye on national economic indicators and changes in mortgage rates as these factors can significantly impact buyer affordability and influence the real estate market’s trajectory. It will be important for stakeholders to stay informed on local policy changes that may affect zoning laws or property taxes which can alter investment outcomes.
