Clifford, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
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) | 15,000 |
| Population Change | 1.3% |
| 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
As of the latest data analysis, the real estate market in Clifford, Ontario is exhibiting a state of steady growth. With a median house price of CAD $525,000 and experiencing a 4.2% year-over-year increase, the market is demonstrating resilience and upward momentum. The median apartment price currently stands at CAD $315,000, which has seen a more modest year-over-year increase of 2.5%. This gradual appreciation in property values indicates a healthy demand for housing that is not leading to overheated conditions.
The population of Clifford has reached 15,200 residents with a growth rate of 1.33% per annum. This steady population increase suggests a consistent demand for housing which underpins the positive trends observed in the property prices. Moreover, the diverse range of housing options available seems to be satisfying varied buyer preferences, from single-family homes to more affordable apartment living.
2. Investment Opportunities and Potential
Investment opportunities within Clifford’s real estate market are promising due to its stable growth and reasonable entry prices. Single-family homes remain attractive investments as their value continues to rise at a moderate pace, ensuring potential for long-term capital gains. Apartments offer an alternative investment route with a slightly lower appreciation rate but also typically come with lower acquisition costs and maintenance expenses.
The sustained population growth acts as an indicator of continued rental demand which could benefit investors seeking rental income properties. Furthermore, Clifford’s real estate market has not experienced the extreme price spikes seen in some major urban centers; thus it offers a more accessible market for first-time investors or those looking to diversify their portfolios into smaller markets with steady growth prospects.
3. Future Market Outlook
The outlook for Clifford’s real estate market remains optimistic based on the current trends and underlying demographic factors. Assuming no major economic disruptions occur, we can expect the market to continue on its trajectory of gradual growth in both property values and population size.
The consistent year-over-year increases in home values suggest that there is ongoing confidence in the local real estate market and its fundamentals are strong. With careful urban planning and sustained economic development initiatives, Clifford could maintain its appeal as an attractive location for both residents and investors alike.
Overall, prospective buyers and investors should consider Clifford as a stable option for real estate investment with potential for modest but reliable returns over time.
