Concord, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $980,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $650,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $980,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $500,000 |
| 2 bedrooms | $650,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2025) | 17,000 |
| Previous Population (2020) | 16,000 |
| Population Change | 6.3% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,200 |
| Population Density (per km²) | 2.1 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Concord, Ontario is currently experiencing a stable growth phase. With a median house price at $980,000 and an annual increase of 4%, the market is showing signs of sustained demand. Similarly, the apartment sector has seen a slower but steady increase in value, with the median apartment price at $650,000 and a year-over-year rise of 2.5%. This trend reflects a balanced market condition where both buyers and sellers are achieving agreeable transactional outcomes.
The City of Concord’s population stands at 17,000 residents with an impressive growth rate of 6.25%. This demographic expansion is indicative of the area’s attractiveness to new residents and could be a driving force behind the consistent property value appreciation.
Investment Opportunities and Potential
Investment opportunities within Concord’s real estate market are promising due to its steady population influx and consistent property value appreciation. The continuous rise in median home prices suggests that investing in residential properties could yield positive returns over time. Properties such as single-family homes, townhouses, and apartments offer diverse options for potential investors seeking to capitalize on different segments of the housing market.
The demand for rental accommodations is likely to grow parallel to the population increase, positioning income properties as attractive investments. Investors looking for long-term capital gains might find Concord’s steadily appreciating housing market to be a safe investment choice compared to markets with higher volatility.
Future Market Outlook
The future outlook for Concord’s real estate market appears optimistic. Given the robust population growth rate coupled with ongoing development projects in the region, it is reasonable to expect that housing demand will continue to be strong. This bodes well for sustained property value appreciation and presents an encouraging scenario for both current homeowners and potential investors.
As the local economy grows and diversifies, the influx of new residents looking for employment opportunities may further propel the demand for housing. Consequently, this could maintain or even accelerate current upward trends in home prices. However, it’s important to note that external economic factors and changes in interest rates can affect these projections. Continuous monitoring of local and national economic indicators is essential for making informed predictions about future market conditions.
