Clearwater, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
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 | $420,000 |
| 3 bedrooms | $505,000 |
| 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
Current Market Conditions and Trends
The real estate market in Clearwater, Ontario currently presents a stable growth environment, with median house prices sitting at $505,000, reflecting a year-over-year increase of 4%. This consistent uptick in housing prices indicates a healthy demand within the market. The median apartment price is also on the rise at $310,000, showing a somewhat more modest year-over-year growth of 2.5%. With a population of 15,500 that has grown by 3.3% recently, Clearwater is experiencing demographic expansion that could be contributing to the steady demand for housing.
Investment Opportunities and Potential
The current trends in Clearwater point towards a positive climate for real estate investment. The ongoing increase in property values suggests that investments made now have the potential for capital appreciation in the medium to long term. Given the stable growth rate in both housing categories, investors may find opportunities in buying single-family homes or apartment units to either sell at a later date or rent out, capitalizing on the area’s population increase and likely sustained demand for residences.
Future Market Outlook
Looking ahead, the real estate market in Clearwater shows promise for continued growth. The consistent rise in property values coupled with steady population growth positions the market for ongoing demand. Assuming no significant economic disruptions locally or nationally, investors and homeowners alike can anticipate a favorable market outlook. The town’s ability to attract new residents and potentially new businesses will be critical to sustaining this trajectory. Investors should monitor local development plans and employment trends closely as these factors will play pivotal roles in shaping the future real estate landscape of Clearwater.
