Coldwell, 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 Coldwell, Ontario, the real estate market has been experiencing steady growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This moderate appreciation indicates a healthy market that is growing in line with or slightly above inflation, suggesting stability and sustained demand.
Similarly, the apartment sector is showing positive trends with a median price of $300,000 and a year-over-year growth of 2.1%. This slower rate of increase compared to houses may reflect a market with more accessible entry points for first-time buyers and investors looking for rental properties.
With a population of 15,000 that has grown by 7.1%, Coldwell is likely experiencing an influx of new residents seeking employment opportunities, lifestyle changes, or retirement options. This demographic shift could be contributing to the solid demand in the housing market.
Investment Opportunities and Potential
As Coldwell’s population continues to expand rapidly, investment opportunities in both the housing and apartment sectors appear promising. The consistent growth in property values suggests that investments made now have strong potential for capital gains over time.
The growth rate of the median house price outpaces that of apartments, which may indicate an opportunity for investors to focus on single-family homes for both resale and rental purposes. However, given affordability issues that often accompany rising house prices, apartments may become increasingly desirable, particularly among younger demographics or those looking for lower maintenance living arrangements. Consequently, investing in apartment units could be a strategic move to cater to this segment of the market.
Future Market Outlook
The future outlook for Coldwell’s real estate market remains optimistic. The ongoing population growth will likely continue to fuel housing demand. Assuming no significant economic disruptions occur locally or nationally, we can expect the current trends to persist with similar growth rates in property values.
It’s important to monitor factors such as employment rates, infrastructure developments, and interest rates as they can significantly impact market dynamics. Nevertheless, if Coldwell maintains its appeal as a desirable location and manages its growth effectively, the real estate market should remain robust with healthy opportunities for buyers and investors alike.
