Comber, 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 Comber, Ontario, currently presents a stable growth environment, with the median house price standing at $500,000, which reflects a moderate year-over-year increase of 3.5%. This indicates a healthy demand for residential properties that is keeping pace with national trends. Similarly, the apartment sector has experienced growth, albeit at a slower rate, with the median apartment price reaching $300,000 and witnessing a 2.1% year-over-year increase.
The population of Comber has grown to approximately 15,000 residents, demonstrating a robust growth rate of 7.1%. This influx of new residents can be attributed to Comber’s attractiveness to families and professionals alike due to its affordable housing options compared to larger urban centers and its proximity to amenities and employment opportunities.
Investment Opportunities and Potential
Investors considering the Comber real estate market will find potential in both the residential housing and apartment sectors. The steady rise in median house prices suggests that purchasing property in this area could yield solid capital gains over time. The continuous population growth also points towards a sustained demand for rental properties, making buy-to-let investments particularly appealing.
The lower entry point for apartments may attract investors looking for more affordable investment opportunities with decent yield prospects. Given the slower growth rate in apartment prices compared to houses, investors might find competitive pricing that can provide higher rental income returns relative to the acquisition costs.
Future Market Outlook
The future outlook for the Comber real estate market remains optimistic as population growth is likely to continue driving demand for housing. With the current trends suggesting gradual price increases, both buyers and sellers can expect a balanced market where opportunities for investment are complemented by reasonable affordability.
In light of these factors, it is reasonable to forecast that the real estate market in Comber will maintain its positive trajectory. Investors should monitor local economic developments and infrastructure projects that could further enhance property values and enrich the investment landscape in this growing community.
