Creemore, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Creemore, Ontario
In Creemore, Ontario, the real estate market is currently experiencing stable growth. The median house price stands at $550,000, reflecting a year-over-year increase of 4%. This indicates a healthy demand for single-family homes and a consistent appreciation in property values. The apartment sector is also showing progressive trends with the median apartment price at $320,000, which has climbed by 2.5% over the last year. The steady growth in both housing segments suggests that Creemore’s real estate market remains attractive to buyers seeking both types of properties.
The demographic factor is significant as well; with a population of 15,500 that has grown by 3.3%, there is evidence of an influx of new residents fueling housing demand. This growth can be attributed to Creemore’s desirability as a residential location, bolstered by its amenities and lifestyle offerings.
Investment Opportunities and Potential in Creemore
Creemore’s real estate market presents several investment opportunities. The continuous increase in property values, coupled with a strong population growth rate of 3.3%, suggests that there is ongoing and potential demand for housing. Investors may find considerable potential in purchasing single-family homes due to their stronger appreciation rate of 4% year-over-year compared to apartments.
Apartments are also a viable investment option, especially for those looking to cater to smaller households or individuals drawn to the lower maintenance lifestyle apartments offer. With a 2.5% appreciation rate year-over-year, apartment investments could yield steady returns.
Given the town’s growing population, rental properties may also be an attractive proposition for investors. A possible increase in rental demand could lead to higher occupancy rates and potentially rising rental incomes.
Future Market Outlook for Creemore Real Estate
The future market outlook for Creemore’s real estate appears optimistic. Given the solid growth patterns in property prices and the robust population increase, it is reasonable to anticipate continued demand for housing within the region.
If current trends persist, property values are likely to maintain an upward trajectory, albeit moderate growth rates suggest this will be sustainable rather than indicative of an overheated market. This balanced growth aligns with the broader Canadian real estate market conditions and should reassure both homebuyers and investors about the long-term stability of their investments in Creemore.
Furthermore, should the town continue to attract new residents at its current pace or higher – possibly driven by factors such as remote work trends or its appeal as a lifestyle destination – we might see a corresponding rise in demand for all types of housing. This could further solidify Creemore as a promising area for both residential living and real estate investment.
