Cramahe, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 in Cramahe, Ontario
The real estate market in Cramahe, Ontario, is currently characterized by moderate growth. The median house price in the area stands at $520,000, which represents a steady increase of 4% year-over-year. This consistent rise indicates a healthy demand for housing in the region and a relatively robust local economy that sustains property values.
Similarly, the apartment market is experiencing growth with the median apartment price reaching $320,000, marking a 2.5% year-over-year increase. This more modest growth rate compared to houses suggests that while there is demand for multifamily units, it may not be as strong as the demand for single-family homes.
The population of Cramahe has grown to 15,500 residents with an impressive growth rate of 3.3%. This influx of new residents is likely contributing to the increased demand for housing and helping to drive up property values as newcomers seek accommodation in the area.
Investment Opportunities and Potential in Cramahe
With its growing population and steady appreciation in property values, Cramahe presents promising investment opportunities. The consistent growth in median house prices suggests that investing in residential real estate could offer stable returns. Additionally, given the solid growth figures for both houses and apartments, investors may find potential in both sectors of the market.
For those considering investment properties or developments, appealing to the increasing number of families and professionals moving to Cramahe could be particularly lucrative. Moreover, with rental demand likely pushed by population growth, investors might explore buy-to-let options or developments catering to this segment.
Future Market Outlook for Cramahe’s Real Estate
The future market outlook for real estate in Cramahe appears positive. Assuming current trends continue, supported by ongoing population growth and economic stability within the region, property values are likely to maintain an upward trajectory. However, potential investors should remain cautious and consider external factors such as interest rates and broader provincial economic conditions that could impact future market dynamics.
The sustained increase in house prices coupled with a moderate but consistent rise in apartment prices positions Cramahe as an attractive location for both residential living and real estate investment. With careful analysis and strategic planning, investors can capitalize on this growing market while contributing to the township’s development.
In conclusion, based on current statistics and trends, Cramahe’s real estate market demonstrates a strong foundation for continued growth. Prospective buyers and investors should monitor key economic indicators closely but can be cautiously optimistic about the prospects of real estate investments within this Ontarian community.
