Clarencerockland, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
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 current real estate market in Clarence-Rockland, Ontario, is showing a steady increase in property values. The median house price in the area stands at $490,000, reflecting a year-over-year growth of 4%. This indicates a healthy, growing market that has been attracting interest from buyers seeking residential properties.
In contrast, the median apartment price is somewhat lower at $320,000, with a slightly more modest year-over-year appreciation of 2.5%. The differential growth rates between houses and apartments suggest that single-family homes may be in higher demand, potentially due to changing buyer preferences or the demographic composition of the region.
The population of Clarence-Rockland has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This growing population is likely contributing to the increased demand for housing and the consequent rise in property values.
Investment Opportunities and Potential
The steady growth in property values coupled with substantial population expansion suggests promising investment opportunities in Clarence-Rockland’s real estate market. Single-family homes represent a particularly appealing prospect due to their stronger appreciation trend. Investors might find this segment ripe for long-term capital gains and should consider entering or expanding their portfolio in this market.
Apartment units also present an opportunity for investors seeking more affordable entry points into the property market or those looking to cater to residents who prefer smaller living spaces. With continuous population growth, rental demand is expected to remain stable or even increase, potentially leading to attractive rental yields for investors.
Future Market Outlook
The future outlook for Clarence-Rockland’s real estate market appears positive. Continued population growth at a rate of 3.3%, combined with ongoing regional development initiatives, suggests sustained demand for housing that could support further price increases.
The trends observed in the housing sector indicate that Clarence-Rockland may continue to see appreciating property values over the near term. However, investors should also remain vigilant about broader economic factors and local developments that could impact market dynamics.
In conclusion, Clarence-Rockland’s current market conditions reflect a growing community with rising real estate values. The region offers both immediate investment opportunities and potential for future gains, making it an attractive area for those looking to invest in Ontario’s real estate landscape.
