Coldwell, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| 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 | $650,000 |
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 Coldwell, Ontario is currently experiencing a period of moderate growth. The median house price stands at $520,000, reflecting a steady year-over-year increase of 4%. This indicates a stable market with consistent demand for housing. Similarly, the median apartment price has also risen to $310,000, showing a slower but positive growth trend at 2.5% year-over-year. These trends suggest that the market is accommodating both single-family homes and multi-family units.
Aided by a population growth rate of 3.3%, which is above the national average, the town is seeing a surge in housing demand. The influx of residents could be attributed to Coldwell’s economic opportunities, quality of life, or other factors that make it an attractive place to live. This population increase is likely contributing to the sustained rise in property values as new residents seek housing in the area.
Investment Opportunities and Potential
Coldwell presents promising investment opportunities given its current growth trajectory. With single-family homes appreciating at 4% annually, investors can expect a favorable return on investment through capital gains over time. The slower growth rate for apartments may appeal to investors looking for more affordable entry points into the real estate market or those interested in rental income opportunities.
The ongoing population growth suggests that there will be continued demand for rental properties, which could result in lower vacancy rates and potentially higher rental yields for investors. Considering these factors, Coldwell offers diverse investment opportunities catering to various investment strategies and risk profiles.
Future Market Outlook
Looking ahead, the future real estate market outlook in Coldwell appears optimistic. The established trend of population growth coupled with consistent property value appreciation points towards a continuing upward trajectory for both house and apartment prices. As long as economic conditions remain stable and the town maintains its appeal for potential residents, the real estate market should sustain its growth momentum.
However, investors and homebuyers should closely monitor local economic developments and any changes in national housing policies that could affect mortgage rates or borrowing conditions. Staying informed will be key to understanding and capitalizing on future trends in Coldwell’s real estate market.
