Concord, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $550,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $800,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $550,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,800 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 2.0 |
| Land Area (km²) | 3,000.7 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Concord, Ontario, is currently experiencing stable growth. With a median house price of $950,000 and a year-over-year increase of 4%, the market is showing healthy appreciation. Similarly, the median apartment price stands at $550,000, with a 3% rise over the past year. This consistent growth is indicative of a robust market that maintains buyer confidence. Concord’s relatively small population of 16,000 has seen a significant population growth rate of 3.2%, suggesting that the area is becoming increasingly attractive to new residents. This influx could be due to various factors such as employment opportunities, quality of life, and the appeal of Concord’s residential offerings.
Investment Opportunities and Potential
Investors considering Concord will find potential in both the single-family home segment and the apartment sector. The steady increase in property values suggests that purchasing real estate in Concord can be a sound investment strategy. Long-term capital gains are likely with houses showing a 4% annual appreciation rate and apartments following closely at 3%. Given the population growth trend, demand for housing is expected to remain strong or even increase, which may further drive property values upward. For those looking to invest in rental properties, the growing population signifies a rising demand for rental accommodations, potentially leading to favorable rental yields.
Future Market Outlook
The future outlook for Concord’s real estate market remains optimistic. The continuous population growth at a rate of 3.2% implies that there will be sustained demand for housing in the coming years. Barring any unforeseen economic disruptions, this demand is likely to keep property values on an upward trajectory. It’s also important to consider broader economic trends such as interest rates and employment levels within the region, as these factors can influence buyers’ capacity to purchase homes and thus impact property prices. Nevertheless, given current trends and data points, Concord’s real estate market seems poised for continued positive performance.
