Coniston, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Coniston, Ontario, is currently experiencing a period of steady growth. With a median house price sitting at $525,000 and exhibiting a 4% year-over-year increase, the market demonstrates resilience and continued demand. Similarly, the median apartment price has reached $315,000, following a more moderate yet positive trend with a 2.5% year-over-year growth rate. These figures suggest a healthy housing market that is attracting both homeowners and investors alike.
The population of Coniston is currently around 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion contributes to the demand for housing, sustaining the upward trajectory of property values in the area.
Investment Opportunities and Potential
Investors looking into the Coniston real estate market can find potential opportunities in both residential homes and apartments due to ongoing appreciation trends. The consistent increase in property values indicates that investments made in this market are likely to benefit from capital gains over time.
The promising population growth also presents an opportunity for rental property investors. As the community expands, so does the need for rental accommodations, which could lead to favorable rental yields and low vacancy rates for landlords.
In addition to these factors, investors should consider the economic stability and quality of life in Coniston as additional incentives that may sustain long-term property value growth and tenant demand.
Future Market Outlook
The future outlook for Coniston’s real estate market appears optimistic. Given the current trends of population growth and property value increases, it is reasonable to expect that these patterns will continue in the near term. The steady market conditions coupled with economic factors provide a solid foundation for sustained growth.
However, investors and homebuyers should remain vigilant about broader economic conditions that could impact interest rates or employment levels, which may in turn affect the real estate market dynamics in Coniston.
In summary, while no investment comes without risk, Coniston’s real estate market holds considerable potential based on current trends and demographic indicators. Prospective buyers and investors are encouraged to perform their due diligence and consider local market conditions as part of their decision-making process.
