Clandeboye, 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 Clandeboye, Ontario is experiencing steady growth, with median house prices currently sitting at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy demand in the housing sector, which could be partially attributed to the town’s population growth of 7.1%, significantly higher than the national average.
Apartments are also following an upward trajectory in value, with median prices reaching $300,000 and a slower yet consistent appreciation rate of 2.1% year-over-year. The differential growth rates between houses and apartments suggest that single-family homes are potentially more sought after in this market, but both housing types are appreciating steadily.
Investment Opportunities and Potential
With a growing population now numbering 15,000 residents, Clandeboye presents various investment opportunities. The consistent increase in property values indicates a market that is ripe for long-term investments. Single-family homes represent a particularly attractive investment due to their higher rate of appreciation.
Furthermore, the solid population growth rate suggests an ongoing or future demand for rental properties. Investors might find opportunities in purchasing apartment units or houses to cater to the rental market. As the community continues to grow, commercial real estate investments could also become increasingly viable as businesses seek to serve the expanding local customer base.
Future Market Outlook
The future real estate market outlook for Clandeboye appears optimistic based on current trends and demographic data. If the population continues to expand at its current rate of 7.1%, demand for housing is likely to remain robust which may lead to continued appreciation in property values.
This projected demand bodes well for both short-term investors looking to capitalize on quick turnovers and long-term investors aiming for rental income or property value appreciation. However, potential investors should also consider external factors such as economic policies, interest rates, and regional development plans that could impact future market conditions.
In conclusion, the Clandeboye real estate market demonstrates positive indicators for investment with its steady growth in property values and substantial population increase. Both residential and commercial investors can find appealing opportunities here, but as always should perform due diligence and monitor broader economic signals when planning their investment strategies.
