Copenhagen, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $570,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $570,000 |
| 4 bedrooms | $680,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $280,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,800 |
| Previous Population (2020) | 15,000 |
| Population Change | 5.3% |
| 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 Copenhagen, Ontario is currently experiencing a steady increase in property values. The median house price is set at $570,000, which reflects a year-over-year growth of 4%. This suggests a stable and growing housing market that may appeal to both homebuyers and investors. Meanwhile, the median apartment price stands at $320,000, with a slower growth rate of 1.8% year-over-year. The different growth rates between houses and apartments could indicate a varying demand or could offer opportunities for those looking to invest in different types of properties.
Investment Opportunities and Potential
The population of Copenhagen, Ontario has grown by 5.3%, signaling a robust community expansion that could drive further demand for housing. Given the growth trends, both residential houses and apartments present themselves as promising investment opportunities. Single-family homes are particularly attractive due to their higher appreciation rate. As the town continues to develop and attract new residents, rental properties might also become increasingly desirable, potentially leading to lucrative rental yields for investors.
Future Market Outlook
The future real estate market outlook for Copenhagen, Ontario remains optimistic based on current trends and demographic data. With an ongoing population increase coupled with steady economic growth, it’s likely that the demand for housing will continue to rise. Assuming the local economy keeps up with this growth and no major shifts occur in interest rates or employment levels, both the house and apartment markets should maintain their upward trajectory in terms of value appreciation.
In conclusion, Copenhagen’s real estate market shows signs of healthy growth and stability, making it an appealing option for potential homebuyers and investors alike. Careful consideration of market data and continuous monitoring of economic factors will be key in making informed real estate decisions in this vibrant Ontarian community.
