Courtice, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 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 Courtice, Ontario is currently experiencing modest growth. With a median house price of $525,000 and an annual growth rate of 4%, the market is showing steady progress. Similarly, the median apartment price stands at $320,000, which has seen a slower yet positive growth trend of 1.8% year-over-year. These figures indicate a market that is becoming increasingly valuable, albeit at a moderate pace.
The population of Courtice has reached approximately 15,500 residents, with a notable population growth rate of 3.3%. This demographic trend suggests an increasing demand for housing in the area, driving the real estate market forward. The data implies a healthy level of activity in Courtice’s real estate sector, with both property prices and population numbers moving upward.
Investment Opportunities and Potential
Courtice’s real estate market presents promising investment opportunities due to its steady growth. Investors looking at long-term capital gains might find the current conditions favorable, especially considering the rising house prices and continuous population growth. The 4% increase in median house prices year-over-year suggests that investing in residential property could yield solid returns over time.
Apartments in Courtice are also attracting attention with their more modest price point and a growth trend of 1.8% year-over-year. For investors interested in the rental market or looking for more accessible entry points into real estate investment, apartments could be an attractive option. The consistent rise in prices indicates potential for rental income growth as well as capital appreciation.
Future Market Outlook
The future outlook for Courtice’s real estate market remains positive based on current trends and data analysis. Continued population growth is likely to sustain demand for housing, which may lead to further price increases and investment opportunities. The sustained upward trajectory of home values points towards a stable market with ongoing potential for both homeowners and investors alike.
It is important for potential investors to consider economic factors such as employment rates, interest rates, and the overall health of the Canadian economy when evaluating future prospects. However, given Courtice’s current trajectory and its proximity to larger economic centers like Toronto, the local real estate market is expected to maintain its course of gradual growth in the foreseeable future.
