Colgan, 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
The real estate market in Colgan, Ontario is experiencing a period of steady growth. With a median house price of $500,000, the market has witnessed a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the region, which is likely driven by the area’s robust population growth of 7.1%. Similarly, the apartment sector is showing positive trends with a current median price of $300,000 and an annual appreciation rate of 2.1%. The congruency between housing and apartment price trends suggests a balanced growth across different forms of residential real estate.
Investment Opportunities and Potential
The potential for real estate investment in Colgan is underpinned by its significant population growth. The influx of new residents creates a continuous demand for housing, which can benefit investors looking to engage in both long-term property holdings and rental markets. Given the consistent appreciation rates for both houses and apartments, Colgan presents itself as an attractive market for investment diversification. Properties at the median price points offer access to a broad segment of the housing market, likely appealing to families and professionals seeking quality living within Ontario.
Future Market Outlook
The future outlook for Colgan’s real estate market remains optimistic. Population growth is often a key driver for sustained demand in housing, and with Colgan expanding at a rate of 7.1%, it is reasonable to anticipate continued interest in both purchasing and renting properties. Assuming that economic conditions remain favorable and infrastructure development keeps pace with population expansion, the current upward trends in property valuations are expected to persist. Investors should monitor regional developments closely as they may present opportunities to capitalize on new housing demands or shifts in consumer preferences.
