Cookstown, 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 Cookstown, Ontario is currently experiencing moderate growth. The median house price stands at $500,000, indicating a year-over-year increase of 3.5%. This steady rise in prices reflects a healthy demand for residential property in the area. Similarly, the apartment market is also showing positive momentum with a median price of $300,000, and an annual price trend of 2.1% year-over-year.
With a population of 15,000, Cookstown has seen significant growth at a rate of 7.1%. This demographic expansion can be attributed to Cookstown’s appeal as a community that offers both small-town charm and accessibility to larger urban centers, thus driving interest in its real estate market.
Investment Opportunities and Potential
The current trends suggest that Cookstown presents a promising landscape for real estate investment. The consistent growth in property values indicates a robust market with potential for capital appreciation over the long term. Single-family homes, due to their higher year-over-year increase, could offer particularly good opportunities for investors seeking appreciation.
Apartments, with their more modest but stable price increase, represent an opportunity for investors focusing on rental income. Given the population growth and rising demand for housing options, rental properties could yield lucrative returns based on the prospect of escalating rent figures driven by demand outstripping supply.
Future Market Outlook
The future outlook for Cookstown’s real estate market remains optimistic. The sustained population growth suggests that demand for housing will continue to rise. If the local economy remains stable or grows—which could attract more residents—the housing market is likely to benefit from increased demand.
The ongoing development projects and infrastructure improvements are expected to further enhance Cookstown’s appeal and could potentially drive up property values more quickly than the current trends indicate. Investors would be wise to monitor these developments closely as they may present timely opportunities for strategic investments.
In conclusion, Cookstown’s real estate market holds considerable potential for both homebuyers and investors alike. With careful consideration of current trends and future projections, stakeholders can make informed decisions to capitalize on this growing market.
