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 characterized by steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This consistent uptick in housing prices indicates a healthy demand for residential properties and a stable investment environment for homeowners and real estate investors alike.
Apartments in Combermere have also seen growth, albeit at a slower pace. The median apartment price is currently $300,000, with an annual appreciation of 2.1%. This suggests that while there is interest in the multifamily housing sector, it may not be as robust as the demand for single-family homes.
With a population of 15,000 that has grown by 7.1%, there is evident demographic pressure that could continue to drive demand for housing in the area. This population growth often correlates with increased economic activity and housing needs, contributing to the buoyant real estate market conditions.
Investment Opportunities and Potential
The ongoing population growth paired with the steady rise in property values presents several investment opportunities in Combermere’s real estate market. Investors looking to capitalize on the single-family home market can expect continued appreciation based on current trends. The moderate but steady increase in apartment prices also offers a potentially lower entry point for investors considering the multifamily segment or rental markets.
Given the solid year-over-year increases in property values across all segments of the housing market, long-term investment strategies seem particularly promising. Rental properties could benefit from the population influx, likely leading to higher occupancy rates and potential rental income growth.
Future Market Outlook
The future outlook for Combermere’s real estate market appears optimistic. The combination of sustained property value increases and robust population growth sets the stage for ongoing demand. While current trends indicate a stable trajectory for both house and apartment prices, external economic factors such as interest rates, employment rates, and regional economic policies could influence future market dynamics.
Investors and homebuyers should monitor these broader economic indicators alongside local developments such as infrastructure projects or changes in zoning regulations that could impact future property values. A prudent approach would be to stay informed about both local and national economic news to anticipate any shifts in the market’s trajectory.
In conclusion, Combermere represents a dynamic real estate market with favorable conditions for both immediate and long-term investments. Continued vigilance and strategic planning will be key for those looking to maximize their returns in this evolving market.
