Cheltenham, 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 Cheltenham, Ontario is currently characterized by a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of healthy expansion. Apartments are also experiencing growth, albeit at a slightly lower rate, with the median price standing at $300,000 and an annual appreciation of 2.1%. These trends indicate a consistent demand for residential properties in Cheltenham.
The population of Cheltenham has reached 15,000 and is on an upward trajectory with a growth rate of 7.1%. This significant increase in residents suggests that the market could see continued demand for housing, driving further price appreciations and providing momentum for the real estate sector.
Investment Opportunities and Potential
Given the steady growth in property values and the increasing population, Cheltenham presents various investment opportunities. Investors can capitalize on the rising trend in house prices by investing in single-family homes which seem to be appreciating at a robust pace. The slower growth rate in apartment prices compared to houses indicates that there may be room for increased returns in the apartment sector as demand continues to rise with population growth.
In addition to residential properties, investors may also explore opportunities in developing housing to accommodate the growing population or consider commercial real estate investments that serve this expanding community.
Future Market Outlook
The future market outlook for Cheltenham’s real estate appears promising. If current trends persist, investors can anticipate continued growth in property values driven by demographic factors such as population increase. The steady year-over-year price increases suggest that the market is not experiencing volatile swings, which bodes well for long-term investment stability.
However, potential investors should remain aware of broader economic conditions and local developments that could impact the market. Careful analysis of interest rates, employment trends, and infrastructure projects will be essential for making informed investment decisions moving forward.
