Clearwater, 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 Clearwater, Ontario, is experiencing steady growth. With a population of 15,000 and a notable population growth rate of 7.1%, housing demands are on the rise. The median house price in the area currently stands at $500,000, which reflects a year-over-year increase of 3.5%. This increment indicates a healthy but moderate appreciation in property values, suggesting a balanced market that benefits both buyers and sellers.
Similarly, the median apartment price has seen a rise to $300,000, marking a 2.1% increase from the previous year. The less pronounced increase in apartment prices compared to houses suggests that single-family homes may be more in demand, but apartments remain an attractive option for certain segments of the market, including first-time homebuyers and investors looking for rental properties.
Investment Opportunities and Potential
Investment opportunities within Clearwater are promising due to its growing population and consequent demand for housing. The consistent appreciation in property values provides investors with the potential for capital gains over time. Single-family homes present an attractive investment due to their higher year-over-year price increase compared to apartments.
Apartments also offer investment potential, particularly as rental properties. Given their lower price point and slower price growth, they could be more accessible entry points for new investors while providing rental income stability. Investors should consider market segments like young professionals or small families that might favor renting in urban areas close to amenities and employment opportunities.
Future Market Outlook
The future market outlook for Clearwater remains optimistic as factors such as population growth drive housing demand upward. Assuming similar economic conditions continue, we can anticipate sustained growth in property values albeit at a stable and sustainable pace.
Absent any unforeseen economic changes or regulatory interventions, the residential real estate market in Clearwater is likely to continue on its current trajectory. Both the single-family home market and the apartment sector are expected to maintain their appeal among different types of buyers and investors.
Careful monitoring of interest rate trends, employment rates, and regional economic development initiatives will be crucial for predicting any shifts in the market dynamics. Stakeholders are advised to stay informed about local policy changes that could impact housing supply or affordability which could alter these projections.
