Clearville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| 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
1. Current Market Conditions and Trends
The real estate market in Clearville, Ontario, currently presents a stable and slightly appreciating environment. With the median house price at $520,000, the market has experienced a steady year-over-year growth of 4%. This indicates a healthy demand for homes in the area, likely driven by Clearville’s appealing community features and economic stability.
Similarly, the apartment sector shows positive movement with a more modest annual price increase of 2.5%, positioning the median apartment price at $310,000. The less pronounced growth rate in this segment may reflect a balanced supply-and-demand dynamic that provides opportunities for both homeownership and rental investments.
Clearville’s demographic trend is also an important factor influencing the real estate market. The population has seen a robust growth of 3.3%, which now stands at approximately 15,500 residents. This uptick in population suggests an influx of new residents that could be attributed to Clearville’s quality of life or employment opportunities, further fuelling housing demand.
2. Investment Opportunities and Potential
Investors considering Clearville for real estate ventures should note the consistent appreciation in property values. The single-family home segment, with its 4% annual growth, offers potential for capital gains over time. Additionally, the rising population indicates an ongoing or increasing demand for housing, which could support both resale values and rental income stability.
The apartment market’s slower growth rate may appeal to investors seeking more affordable entry points into real estate investment or those looking to cater to renters who prefer apartment living. With a growing population and diversified housing requirements, opportunities also exist in developing multi-family units or purpose-built rentals to meet varying consumer needs.
3. Future Market Outlook
Looking ahead, Clearville’s real estate market appears positioned for continued steady growth. The current trends suggest that demand will remain robust given the positive population growth rate and economic health indicators. As long as these conditions persist, property values are likely to maintain their upward trajectory.
However, it is essential for investors and potential homebuyers to monitor local economic developments and national policy changes that might impact mortgage rates or property taxes. Such factors could alter affordability and influence buyer sentiment within the market.
In conclusion, while there are no guarantees in real estate investment, Clearville presents an attractive profile with its stable prices, growing population, and reasonable appreciation rates. Prudent investors should perform due diligence but can reasonably expect sound investment prospects in this Ontario community.
