Conn, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| 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 Conn, Ontario is currently exhibiting steady growth. With a median house price of $550,000, the market has seen a year-over-year increase of approximately 4%. This growth indicates a healthy demand for residential properties in the area. Similarly, apartments are experiencing a positive trend with a median price of $320,000 and an annual appreciation rate of 2.5%. These figures suggest that the market for more affordable, smaller residences such as apartments is also expanding, though at a slightly slower pace than houses.
The population of Conn stands at 16,000 with a growth rate of 6.7%, which is significantly higher than the national average. This influx of new residents is likely fueling the demand for housing and could be attributing to upward pressure on property values.
Investment Opportunities and Potential
Given the steady appreciation in property values and the robust population growth, Conn presents several attractive investment opportunities. The rising median house price suggests that purchasing residential real estate could yield solid returns in terms of capital gains over time. Moreover, the growing population implies a potential increase in rental demand, offering investors an opportunity to generate stable rental income.
Investors may also find potential in the apartment sector due to its consistent growth in value and affordability compared to single-family homes. As more people move into the area, seeking more budget-friendly living options could further drive up demand for apartments.
It’s worth noting that while current trends are positive, investors should consider factors such as local economic drivers, employment rates, and infrastructure developments which can also impact future property values and rental market dynamics.
Future Market Outlook
The future outlook for Conn’s real estate market remains optimistic based on current trends and demographic indicators. The sustained population growth should continue to underpin demand for housing in both purchase and rental segments. Assuming that economic conditions remain stable and no significant changes occur in interest rates or housing policies, we can expect continued moderate price growth for houses and apartments.
However, it is important to monitor potential headwinds such as economic fluctuations or changes in mortgage regulations that could affect affordability and borrowing capacity. Investors should stay informed about local market developments to make educated decisions.
In conclusion, Conn’s real estate market appears poised for continued growth with promising opportunities for investment. Both homebuyers and investors should take note of the favorable conditions but proceed with due diligence.
