Copenhagen, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| 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 | $370,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Copenhagen, Ontario is currently experiencing modest growth. The median house price stands at $550,000, with a year-over-year increase of 4.2%. This growth rate indicates a steadily appreciating housing market, which may be attractive for homeowners looking for long-term value increases.
For apartments, the median price is $320,000, showing a slightly lower year-over-year increase of 2.5%. This suggests that the apartment market is expanding at a more tempered pace compared to houses, potentially offering more affordable entry points for first-time buyers or investors.
The population of Copenhagen is currently around 15,500 residents and has seen a growth of 3.3%. This increasing population trend can contribute to higher demand in housing and may predict sustained growth in the real estate market.
Investment Opportunities and Potential
Considering the steady rise in property values and the robust population growth rate, Copenhagen presents several investment opportunities. The consistent appreciation in house prices indicates that residential properties could be solid investments for capital gains over time. Moreover, as the population continues to grow, rental properties may become increasingly in demand, suggesting potential for strong rental yields.
Investors might also find potential in the apartment sector due to its lower entry price point and the growing preference among some demographics for lower-maintenance living spaces. Strategic investments in this segment could cater to young professionals or smaller households seeking affordability and convenience.
Future Market Outlook
The future market outlook for Copenhagen’s real estate appears positive. The combination of steady price increases and significant population growth provides a foundation for ongoing demand. Should these trends continue, both the house and apartment markets are likely to remain resilient and provide opportunities for both homeownership and investment.
In conclusion, careful monitoring of economic factors such as employment rates, interest rates, and regional development projects will be essential in forecasting any shifts in the market dynamics. However, current indicators point towards a stable market with room for growth across various property types.
