Corbyville, 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 Corbyville, Ontario, has been experiencing steady growth over the past year. The median house price stands at $500,000, reflecting a healthy year-over-year increase of 3.5%. This indicates a robust and appreciating housing market. Similarly, the median apartment price has seen a modest rise to $300,000, marking a 2.1% increase compared to the previous year.
Corbyville’s population has grown by an impressive 7.1%, suggesting an influx of new residents and potential homebuyers. The combination of population growth and rising property values points towards a strong demand for housing in the area. Consequently, inventory levels may be tightening, which could lead to competitive market conditions for buyers.
Investment Opportunities and Potential
Given the positive trends in property value increases and population expansion, Corbyville presents several attractive investment opportunities. The consistent rise in house and apartment prices suggests that real estate investments have the potential for capital appreciation over time.
Investors looking to enter the rental market may find opportunities as well, driven by the growing population that could lead to increased demand for rental units. With careful analysis of specific neighborhoods and property types, investors can target areas with higher potential for rental yield and long-term growth.
Future Market Outlook
The outlook for Corbyville’s real estate market appears promising. Assuming current trends continue, both housing prices and population are expected to maintain an upward trajectory. The sustained growth in property values reflects a stable investment environment that could appeal to both local and external investors.
However, with any real estate investment, it is crucial to monitor economic factors such as interest rates, employment rates, and local development plans that could influence future market conditions. Staying informed will enable investors to make strategic decisions and capitalize on Corbyville’s real estate potential.
