Commanda, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Commanda, Ontario is currently experiencing steady growth. The median house price stands at $495,000, showing a healthy year-over-year increase of 3.2%. This indicates a resilient housing market with consistent demand. Similarly, the median apartment price has reached $295,000 with a modest year-over-year growth of 1.9%. These figures suggest that while houses are seeing more robust appreciation rates, apartments are also gaining value but at a more gradual pace.
The population of Commanda has risen to 15,000, marking a growth rate of 3.4%. This uptick in residents can be attributed to the town’s increasing appeal as a place to live, which is likely contributing to the sustained demand for housing and the consequent rise in property values.
Investment Opportunities and Potential
With the current trends indicating steady increases in property values, investment opportunities in Commanda appear promising. The housing market’s resilience suggests that purchasing residential properties could yield favorable returns over time. For investors looking at long-term gains, single-family homes could be particularly attractive given the stronger growth trend compared to apartments.
Apartments represent an alternative investment opportunity with potential for rental income supported by the growing population. Although the appreciation rate for apartments is lower than that for houses, they may offer a more accessible entry point into the real estate market for investors with smaller capital.
The demographic trend towards population growth also opens up possibilities for new development projects and investments in infrastructure and community amenities to cater to the increasing number of residents.
Future Market Outlook
The future outlook for Commanda’s real estate market remains optimistic based on current indicators. Assuming no significant economic disruptions occur, the consistent population growth and upward trend in property values are likely to continue. As such, both residential and commercial real estate investments hold potential for appreciable returns.
The key factors likely to influence future market dynamics include local economic conditions, interest rates, and regional development plans. Investors and prospective homeowners should monitor these variables closely while considering the inherent risks associated with real estate investments.
In conclusion, Commanda’s real estate market presents opportunities for both homebuyers seeking stable long-term value and investors looking for growth potential in a burgeoning community.
