Cooper, 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 Cooper, Ontario, is experiencing a period of steady growth. The median house price currently stands at $500,000, indicating an upward trend of 3.5% year-over-year. This suggests that the housing market is gaining strength, with property values appreciating at a moderate pace.
In contrast, the apartment sector shows a slightly slower increase in value with the median apartment price set at $300,000, reflecting a 2.1% year-over-year price trend. This difference in growth rates between houses and apartments may indicate a stronger demand for single-family homes or a potential shift in consumer preference toward more spacious living accommodations.
The population of Cooper stands at 15,000 with an impressive growth rate of 7.1%, which could be contributing to the increased demand for housing and bolstering market conditions further.
Investment Opportunities and Potential
The consistent rise in property values combined with robust population growth presents attractive investment opportunities in Cooper’s real estate market. Investors looking to purchase property here would likely benefit from long-term capital appreciation given the steady upward trend in both housing and apartment sectors.
Moreover, the significant population increase may point towards a burgeoning rental market as newcomers to the town seek temporary or rental accommodation before purchasing their own homes. This could be particularly advantageous for investors interested in buying multi-family units or developing apartment buildings.
Future Market Outlook
The future market outlook for Cooper, Ontario remains optimistic. The healthy year-over-year price increases for both houses and apartments coupled with substantial population growth are indicative of a thriving local economy and a robust demand for real estate.
If current trends continue, investors can expect ongoing appreciation in property values. However, it is important to monitor local economic developments and potential changes in interest rates or government policies that could impact the real estate market dynamics.
In conclusion, Cooper offers promising prospects for both homebuyers and investors due to its growing population and consistent housing demand. Caution should always be exercised when entering any real estate market, but current trends suggest that Cooper’s market is on a positive trajectory.
