Clarencerockland, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.8% |
Apartment
| Median price | $315,000 |
| 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 | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Clarence-Rockland, Ontario, is currently experiencing steady growth. With a median house price of $510,000, the market has seen a year-over-year increase of 3.3%. This trend indicates a healthy demand for residential properties. Similarly, the median apartment price stands at $315,000, which has increased by 2.5% from the previous year. The moderate price growth for both houses and apartments suggests a balanced market that is accessible to both buyers and sellers. The population of Clarence-Rockland is 15,200 and has seen a significant growth rate of 4.8%, reflecting an increasing demand for housing in the area.
Investment Opportunities and Potential
The positive trends in population growth and property value appreciation suggest that Clarence-Rockland holds promising investment opportunities. The consistent rise in property values at manageable rates makes it an attractive market for long-term real estate investors seeking capital gains. Additionally, the influx of residents may also indicate potential for rental investments as more people look for housing in this expanding community. Investors should consider these factors when evaluating the potential for rental yield and property value appreciation in this region.
Future Market Outlook
Looking forward, the real estate market in Clarence-Rockland is poised to continue its growth trajectory. The strong population increase implies continued demand for housing. If economic conditions remain stable and interest rates are favorable, we can expect the market to maintain its current pace or potentially see an uptick in growth rates. However, investors should be cognizant of broader economic trends that could influence mortgage rates and affordability, as these will also play a crucial role in shaping the future market landscape.
