Corbeil, 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 Corbeil, Ontario continues to show robust performance, with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This growth indicates a stable and progressively appreciating housing market. Similarly, the median apartment price is now $300,000, marking a more modest rise of 2.1% from the previous year. These trends suggest that while houses experience higher demand and appreciation rates, apartments are also gaining value steadily.
With a population of 15,000 that has grown by 7.1%, Corbeil is experiencing demographic expansion likely contributing to increased housing demand. The population growth rate outpaces many other regions and suggests that the local economy is attracting new residents seeking employment or lifestyle changes.
Investment Opportunities and Potential
The steady price appreciation for both houses and apartments in Corbeil presents intriguing investment opportunities. The consistent growth in property values indicates a healthy and potentially profitable market for investors looking to buy residential properties. The robust population growth of 7.1% further supports the potential for long-term rental demand, reducing risks associated with vacancies for income properties.
Given the current trends, investors might find particular value in purchasing single-family homes which have shown stronger appreciation compared to apartments. However, the lower entry price point for apartments could be appealing for those looking to invest with less capital upfront or diversify their portfolio across multiple units.
Future Market Outlook
The future market outlook for Corbeil’s real estate remains optimistic given the current data. If present trends continue, investors can expect ongoing appreciation in property values. The solid population growth rate suggests sustained demand for housing, which should underpin property prices and could lead to further tightening of the market if supply does not keep pace.
However, potential investors should monitor external economic factors such as interest rates and employment levels within the region since shifts in these areas could impact market dynamics. Additionally, as Corbeil’s attractiveness continues to rise, there may be opportunities for new development projects to meet housing demand.
