Clandeboye, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Clandeboye, Ontario is currently experiencing a period of moderate growth. The median house price stands at $550,000, reflecting a year-over-year increase of 4%. This signifies steady growth in the housing market, suggesting that the demand for homes is keeping pace with supply. On the other hand, apartments in Clandeboye are slightly more accessible with a median price of $325,000, and are experiencing a somewhat lower growth rate of 2.5% year-over-year. This difference in growth rates between houses and apartments may indicate a preference among buyers for detached homes or could be a sign of an increasing demand for more affordable housing options.
Investment Opportunities and Potential
The investment potential in Clandeboye is notable given the consistent growth in property values. The housing market’s resilience suggests that investments in residential real estate could yield positive returns. With the population growing at a rate of 3.3%, there is likely to be continued demand for both houses and apartments. Investors should consider both types of properties, though houses may offer higher capital gains due to their stronger price trend. Rental properties also present an opportunity, given the population increase, as new residents may look for temporary housing before purchasing.
Future Market Outlook
Looking ahead, the prospects for the Clandeboye real estate market remain positive. Population growth has been robust at 3.3%, which can be expected to drive housing demand further. The steady rise in property prices indicates a healthy market that has avoided overheating despite external economic pressures. Assuming no major economic disruptions occur, Clandeboye’s real estate market should continue along its current trajectory of measured growth. However, investors and potential homeowners alike should monitor interest rates and employment figures closely, as these will heavily influence future market conditions.
