Colborne, 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 in Colborne, Ontario
The real estate market in Colborne, Ontario, is currently experiencing a period of growth, with median house prices sitting at $500,000, marking a year-over-year increase of 3.5%. This steady appreciation in house values indicates a healthy market that is attracting interest from both local buyers and those from outside the region. Similarly, the median apartment price has reached $300,000, with a slightly lower growth rate of 2.1% year-over-year.
The population of Colborne has grown to 15,000, with a significant growth rate of 7.1%, suggesting an influx of new residents and potential for further market expansion. The increased demand stemming from population growth is likely contributing to the rising property values and can be expected to continue influencing the market dynamics.
Investment Opportunities and Potential in Colborne
The positive trend in property value increases suggests that Colborne presents a promising opportunity for real estate investors. The steady climb in house and apartment prices indicates that investments made in the local real estate market have the potential for capital gains over time. Investors should consider the long-term benefits of purchasing properties in this growing market, particularly given the robust population increase that will likely sustain demand.
With a moderate entry point for median house and apartment prices compared to larger metropolitan areas, Colborne presents an attractive option for investors looking for markets with room for growth without the high initial investment barrier. Furthermore, rental demand is poised to rise alongside population growth, presenting opportunities for income-generating properties.
Future Market Outlook for Colborne
The future outlook for the Colborne real estate market remains positive due to several factors. The consistent rise in median property prices, combined with substantial population growth, sets the stage for ongoing demand. If current trends persist, investors can expect continued appreciation in property values.
Careful observation of national economic indicators and local development initiatives will be important for accurately predicting future trends. However, given the current data points and assuming stable economic conditions nationally and locally, the Colborne real estate market is projected to maintain its upward trajectory. Investors should remain cognizant of regional developments that could impact these projections.
In conclusion, while past performance is not always indicative of future results, current indicators point towards a flourishing Colborne real estate market with promising opportunities for both homebuyers and investors alike.
