Corbeil, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Corbeil, Ontario is currently experiencing a steady increase in property values. The median house price in Corbeil stands at $495,000, reflecting a year-over-year growth of 4%. This indicates healthy demand in the housing sector, likely influenced by the area’s desirable living conditions and economic stability. In contrast, the apartment sector is witnessing a more modest growth trend, with the median apartment price rising by 1.9% year-over-year to $315,000. This slower pace suggests a more balanced market or potential affordability constraints among apartment buyers.
Investment Opportunities and Potential
Considering the positive growth rate in both housing and apartment prices, Corbeil represents an appealing environment for real estate investment. The 4% increase in house prices signifies potential for capital appreciation for investors purchasing residential properties. Furthermore, with apartments experiencing a 1.9% rise in value, these properties could appeal to investors seeking lower entry points into the real estate market or those looking to cater to renters who might be priced out of the detached housing market.
Demographic trends also support investment opportunities as Corbeil has seen a population increase of 2.7%. Population growth often correlates with heightened demand for housing which may translate into rental income stability for landlords and further property value appreciation.
Future Market Outlook
The future outlook for the Corbeil real estate market remains optimistic given the current trends and underlying demographic shifts. Assuming that economic conditions remain favorable and the area continues to attract new residents at its current pace or higher, demand for both houses and apartments is likely to remain strong. This could result in continued property value appreciation over the medium to long term.
However, investors must also consider external economic factors such as interest rates, employment rates, and regional economic developments that could impact market dynamics. Careful analysis of these variables alongside close monitoring of local development plans will be essential for accurate forecasting and successful investment strategies.
