Claremont, 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 Claremont, Ontario, is currently experiencing moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady upward trend in the housing sector. Meanwhile, the median apartment price is at $300,000, with a slightly lower annual growth rate of 2.1%. These statistics suggest that while both housing sectors are growing, detached homes are appreciating at a faster pace than apartments.
The population of Claremont has reached approximately 15,000 residents with a robust growth rate of 7.1%. This population increase is likely contributing to the demand for housing and may be driving the property value growth in the area.
Investment Opportunities and Potential
Given the steady rise in property values and significant population growth, Claremont presents attractive investment opportunities for both residential and commercial real estate investors. The consistent appreciation in house prices could benefit long-term investors looking for capital gains. Additionally, the demand for rental properties may escalate in line with population growth, indicating potential for healthy rental yields.
The higher growth rate in median house prices compared to apartments suggests that single-family homes might offer better long-term investment prospects. However, apartments could appeal to first-time homebuyers or investors targeting a more affordable entry point into the real estate market.
Future Market Outlook
The future outlook for Claremont’s real estate market appears positive based on current trends and data. The ongoing population increase is expected to maintain demand for housing, which should support continued price appreciation. If current economic conditions persist and the area’s attractiveness remains high due to factors such as employment opportunities and quality of life improvements, the market is likely to see sustained growth over the coming years.
However, potential investors should also consider external factors such as interest rates, governmental policies affecting homeownership, and broader economic trends that can impact regional markets differently. Careful monitoring of these variables will be crucial for accurate forecasting and making informed investment decisions.
