Creditville, 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 Creditville, Ontario currently exhibits steady growth with a median house price of $500,000, which reflects a 3.5% year-over-year increase. This trend suggests a healthy demand for housing accompanied by a corresponding rise in prices. Similarly, the median apartment price stands at $300,000 with a slightly lower growth rate of 2.1% year-over-year. These figures highlight a more moderate but consistent upward trend in the apartment sector.
Creditville’s population has experienced significant growth at 7.1%, indicating an increasing demand for residential properties. This influx is likely contributing to the competitive housing market and may be driving the steady appreciation in property values observed over the past year.
Investment Opportunities and Potential
The positive growth trajectory of Creditville’s real estate market presents attractive investment opportunities for both residential and income properties. The current trends suggest that investing in houses could yield higher returns due to the stronger growth rate in housing prices compared to apartments.
Investors looking for long-term capital gain should consider the residential market as a viable option, especially given the robust population increase which is expected to sustain demand. On the other hand, apartments represent an opportunity for investors seeking more affordable entry points into the market or those interested in rental income, as the demand for rental units is likely to grow alongside the rising population.
Future Market Outlook
The future of Creditville’s real estate market looks promising based on current indicators. The continuous population growth paired with appreciating property values suggests that both housing demand and prices are likely to maintain an upward trend. Assuming no significant economic disruptions occur, investors can reasonably expect ongoing appreciation in property values in the medium to long term.
However, it is important for investors to monitor potential factors that could affect market dynamics such as interest rate changes, local economic policies, and broader economic conditions. Staying informed will enable them to navigate risks and capitalize on opportunities as they arise in Creditville’s evolving real estate landscape.
