Cottam, 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 Cottam, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy uptrend in the market, reflecting strong demand for single-family homes. Similarly, the median apartment price has risen to $300,000, with a more modest year-over-year appreciation of 2.1%. The consistent growth in property values suggests a stable investment environment and a balanced market that is attractive to both homeowners and investors alike.
Investment Opportunities and Potential
Cottam’s growing population, which has seen a 7.1% increase, signals an expanding market with new investment opportunities. The rise in population often correlates with increased demand for housing, making this region particularly appealing for residential property investors. Given the current trends in home appreciation, investing in Cottam could result in favorable returns for both long-term property owners and rental market investors. Furthermore, the growth rate may also lead to opportunities in commercial real estate development to serve the expanding community.
Future Market Outlook
The future outlook of the Cottam real estate market appears promising. With a robust population growth of 7.1%, there is potential for continued demand for housing which could sustain or even increase the current upward price trends. Should these demographic and economic conditions persist, investors can expect ongoing appreciation in property values. However, it’s important for investors to remain vigilant about regional economic factors and infrastructure developments that could impact future market dynamics.
