Combermere, 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 Combermere, Ontario is currently experiencing stable growth. With a median house price of $500,000 and an appreciating trend of 3.5% year-over-year, the market demonstrates healthy demand. Similarly, the apartment sector shows a positive trend with a median price of $300,000 and a growth rate of 2.1% year-over-year. These figures indicate that Combermere’s real estate is progressively appreciating in value, which may attract investors looking for steady growth.
The population of Combermere stands at 15,000 and has seen a significant growth rate of 7.1%, suggesting an increasing demand for housing. The influx of residents could be due to various factors such as employment opportunities, lifestyle preferences, or regional developments that make Combermere an attractive place to live.
Investment Opportunities and Potential
Investors considering the Combermere real estate market can find potential in both the residential and rental sectors due to the consistent upward trend in property values. The market’s stability provides an opportunity for medium- to long-term investments in single-family homes, which could benefit from the town’s population growth.
With a median apartment price of $300,000 that is showing moderate appreciation, investment in multi-family units or apartment buildings could be particularly appealing for those looking to enter the rental market. As the population continues to grow, there will likely be increased demand for rental properties, offering investors a chance to capitalize on potential rental income and property value appreciation.
Future Market Outlook
The future outlook for Combermere’s real estate market appears promising. The current trends suggest continued growth in property values, supported by the town’s expanding population. Assuming no significant economic disruptions occur, investors and homeowners alike can anticipate further appreciation in the value of their real estate assets.
However, it is essential for stakeholders to keep an eye on external factors such as interest rates, employment rates, and government policies that could affect the real estate market dynamics. Staying informed will enable better decision-making for future investments in Combermere’s property market.
