Cookstown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 3.8% |
| Stock on market | 0.8% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cookstown, Ontario, is currently characterized by moderate growth. The median house price stands at $510,000, with a year-over-year increase of 3.8%. This indicates a steady but controlled upward trend in housing values. Similarly, the median apartment price has reached $315,000, growing at a slightly slower pace of 2.5% year-over-year. The consistent growth in property values reflects healthy demand and suggests that the Cookstown market is maintaining its resilience against broader economic pressures.
The population of Cookstown has grown to 15,000 residents, marking a robust population growth rate of 3.4%. This demographic expansion contributes to the sustained demand for housing in the area. It is also indicative of Cookstown’s attractiveness as a residential location, potentially due to factors such as employment opportunities, lifestyle offerings, and the town’s proximity to larger urban centers.
Investment Opportunities and Potential
With a stable increase in property values and a growing population, Cookstown presents several attractive investment opportunities. The moderate appreciation rate in the housing market provides potential for capital gains over time. For investors looking at long-term holdings, single-family homes offer the possibility of equity growth while serving the increasing demand for rental accommodations by new residents.
Apartments offer a different value proposition with their lower entry price point and 2.5% appreciation rate. They are appealing for both first-time buyers and investors seeking rental income from a more affordable segment of the market. As population growth continues, demand for various types of housing is likely to remain strong, which could further drive rental yields and occupancy rates.
Future Market Outlook
The future outlook for Cookstown’s real estate market appears positive. The ongoing population growth suggests that demand for housing will persist. Given this demographic trend alongside current economic indicators, we can expect property values to continue their gradual ascent.
However, it is essential for investors to monitor external factors such as interest rates, employment trends within the region, and any changes in government housing policies that could impact buyer sentiment and affordability. Provided these factors remain favorable, Cookstown’s real estate market should maintain its upward trajectory and present ongoing opportunities for investors and homebuyers alike.
