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
With a median house price of $500,000 reflecting a year-over-year increase of 3.5%, Claremont’s real estate market is showing steady growth. The market conditions indicate a stable demand for housing, which is likely supported by the local population growth of 7.1%. This significant increase in residents can drive up housing demand and contribute to the upward pressure on prices. In comparison, apartments in Claremont are slightly more affordable with a median price of $300,000 and are experiencing a somewhat slower price growth trend at 2.1% year-over-year. This difference suggests that while there is interest in more budget-friendly living spaces like apartments, the demand for houses remains stronger.
Investment Opportunities and Potential
The consistent growth in house prices indicates that Claremont offers promising investment opportunities, particularly for those looking to invest in residential properties. The combination of steady population growth and increasing property values suggests that there is potential for both rental and resale markets. Investors might consider targeting single-family homes due to their higher appreciation rate compared to apartments. However, with the median apartment price growing at a slower pace, there may be opportunities to enter the market at a lower price point and cater to individuals who are priced out of the house market or prefer smaller living spaces.
Future Market Outlook
Claremont’s future real estate market outlook appears optimistic given its current trends. Assuming that the local economic conditions remain favorable and the population continues to grow at a similar rate, demand for housing is likely to remain robust. If these trends persist, investors could see continued appreciation in property values over the medium to long term. However, it’s important for stakeholders to monitor changes in economic indicators such as employment rates, infrastructure development, and interest rates as they can significantly impact market dynamics.
