Craighurst, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $580,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $480,000 |
| 3 bedrooms | $580,000 |
| 4 bedrooms | $670,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $290,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Craighurst, Ontario is currently experiencing a period of steady growth. With a median house price of $580,000 and a year-over-year price increase of 4%, the market shows healthy appreciation for single-family homes. The apartment sector, while more modest in growth, also reflects an upward trend with a median price of $320,000 and a 1.5% rise over the past year.
The area’s population has reached approximately 16,000 residents, with an impressive growth rate of 6.7%. This demographic trend suggests increased demand for housing as the area expands, both from new residents and local buyers looking to upgrade or downsize.
Investment Opportunities and Potential
The investment potential in Craighurst is promising. The consistent growth in housing prices indicates a market that is stable and expanding at a sustainable rate. For investors interested in purchasing rental properties, the increasing population combined with the growing demand for housing could result in favorable rental yields.
In addition to residential properties, investors may want to consider commercial real estate or land development opportunities spurred by the population increase. With more people moving to Craighurst, there is potential for development projects that cater to the needs of a larger community.
Future Market Outlook
The future market outlook for Craighurst real estate appears optimistic. Given the strong economic indicators such as steady house price increases and significant population growth, it is reasonable to expect that the market will continue to expand. However, investors should be aware of broader economic factors that could impact interest rates and lending conditions.
Continued monitoring of employment rates, infrastructure developments, and government policies will be crucial in assessing long-term prospects. Overall, Craighurst remains an attractive market for both residential buyers and real estate investors seeking opportunities in a growing community.
