Cramahe, 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
Cramahe, Ontario, currently presents a real estate market with steady growth. The median house price in the area is $500,000, which shows a year-over-year increase of 3.5%. This growth rate suggests a healthy demand for single-family homes, which is consistent with broader regional trends favoring more spacious living options outside major urban centers.
The apartment sector shows a more modest increase, with the median apartment price currently standing at $300,000 and experiencing a year-over-year rise of 2.1%. This slower pace indicates that while apartments are appreciating in value, the market is not as heated as the single-family home segment.
Cramahe’s population has grown to 15,000 residents, marking a significant population growth rate of 7.1%. Such demographic expansion underpins the demand for housing in both the purchase and rental markets. The concurrent rise in housing prices coupled with population growth suggests that Cramahe’s real estate market benefits from consistent demand and offers stability for homeowners and investors alike.
Investment Opportunities and Potential
Given the steady market appreciation rates, Cramahe offers promising investment opportunities particularly in the single-family home sector. Investors should take note of the higher growth rate in house prices compared to apartments. This differential can be attributed to a preference for detached and semi-detached homes that cater to families or individuals seeking more space.
Rental properties also hold potential due to the increasing population. As new residents look for accommodation, there will likely be an ongoing need for rental units, providing an opportunity for investors to generate passive income through property rentals.
Furthermore, given that market conditions are not overheated, there is less risk of a sudden downturn while still offering room for capital appreciation. Investors would be wise to consider long-term investment strategies in Cramahe’s real estate market to capitalize on the steady growth trends.
Future Market Outlook
Looking ahead, Cramahe’s real estate market appears poised for continued growth. The robust population increase indicates an ongoing influx of residents who will require housing, thus driving demand. Barring any unforeseen economic upheavals or regulatory changes that could impact market dynamics, we anticipate that both house and apartment prices will continue their upward trajectory albeit at a sustainable pace.
Factors such as low interest rates, if sustained, may further support buyers’ purchasing power and contribute positively to market activity. However, investors and prospective homebuyers should monitor regional economic developments and infrastructure projects that could influence future property values.
In summary, Cramahe’s real estate market offers stability and moderate growth prospects with favorable conditions for both short-term investments in rental properties and long-term asset appreciation strategies. Stakeholders should remain prudent but optimistic about this market’s capacity to offer sound investment opportunities moving forward.
