Courtice, 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 Courtice, Ontario, is currently exhibiting steady growth. With a median house price of $500,000 and an uptick of 3.5% year-over-year, the residential sector is showing signs of moderate appreciation. Similarly, apartments are also experiencing positive price movements with a median price of $300,000 and a growth trend of 2.1% year-over-year.
The population of Courtice stands at 15,000 residents, which has risen by 7.1%. This significant population growth suggests increasing demand for housing and may indicate a pressure on the current housing supply which could drive future price increases if the supply does not keep pace with demand.
Investment Opportunities and Potential
For investors considering Courtice’s real estate market, the consistent growth in property values provides an attractive opportunity for capital gains. The steady increase in median house prices suggests that investments in single-family homes could yield profitable returns over time. Apartments are also promising investment vehicles given their lower entry price point and the growing interest among renters seeking affordable housing options in this expanding community.
An important factor to consider for investment potential is the robust population growth rate. As more people move into the area, demand for rental properties is likely to rise, potentially leading to higher rental yields for investors. Additionally, with a growing population comes the possibility of new developments and infrastructure improvements, which can further enhance property values over time.
Future Market Outlook
The future market outlook for Courtice’s real estate appears optimistic. The combination of healthy population growth rates and consistent price trends points towards a continuing demand for housing. If these trends persist, investors and homebuyers can expect ongoing appreciation in property values.
However, it is crucial to monitor market dynamics closely as external economic factors and changes in national housing policies can impact local markets differently. For instance, interest rate fluctuations and lending regulations can affect buyer affordability and influence market conditions.
To conclude, Courtice presents itself as a market with potential for both homebuyers seeking long-term residency and investors looking for appreciative assets in a growing community.
