Commanda, 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 Commanda, Ontario is currently experiencing consistent growth, as indicated by the year-over-year increase in property values. The median house price stands at $500,000, with an upward trend of 3.5%. This suggests a healthy demand for housing in the area, likely driven by favorable local economic conditions and a growing population.
Apartments in Commanda are also witnessing a positive trend, with a median price of $300,000 and a growth rate of 2.1% year-over-year. This slower pace compared to houses may reflect a market that has more supply or less demand for apartments, but it still indicates an overall stable investment environment for multi-unit residential properties.
Investment Opportunities and Potential
The steady population growth of 7.1% is an encouraging signal for potential investors. A growing population often leads to increased demand for both rental and owner-occupied housing. Investors looking to enter the Commanda real estate market might find opportunities in single-family homes due to their higher appreciation rate. Additionally, the relatively lower median price point for apartments presents an entry-level investment opportunity that could cater to newcomers or individuals seeking more affordable housing options.
The current trends suggest that investing in Commanda real estate could yield favorable returns over time, especially if the population continues to grow at its current rate or faster, thereby increasing demand for housing.
Future Market Outlook
The future real estate market outlook for Commanda appears optimistic. Given the solid growth in property values and the significant rise in population, it’s likely that these trends will continue if the local economy remains strong and attracts further residential interest. With careful monitoring of economic indicators and potential shifts in housing demand, investors can anticipate continued appreciation of property values.
However, it is important for investors to consider factors such as interest rates, employment rates, infrastructure development, and government housing policies which could affect market conditions moving forward. A well-informed investment strategy will need to take into account both the current positive indicators as well as any potential risks on the horizon.
