Cressy, 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 Cressy, Ontario currently presents a stable and growing environment. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This steady growth trend indicates healthy demand and a robust housing sector. Similarly, the apartment market is experiencing positive momentum with the median price at $300,000 and a 2.1% year-over-year appreciation. These figures suggest that both segments of the housing market are on an upward trajectory.
Complementing these pricing trends is the town’s population growth rate of 7.1%, which is significantly higher than the national average. This influx of residents may be attributed to Cressy’s appealing living conditions, economic opportunities, or other location-specific advantages that are drawing new inhabitants and thus bolstering housing demand.
Investment Opportunities and Potential
For investors considering Cressy’s real estate market, the consistent growth in property values coupled with substantial population increases underlines significant investment potential. Residential properties, particularly houses which show a stronger growth trend, would likely offer favorable long-term capital gains. Apartments offer a slightly more modest growth rate but may present more accessible investment options or appeal to those seeking rental income in this expanding community.
Given the town’s burgeoning population, there is also potential for development projects that could satisfy the increasing demand for housing. Investors might explore opportunities in new residential constructions or renovations of existing properties to high-efficiency standards that could attract environmentally conscious buyers or renters.
Future Market Outlook
Looking ahead, the future market outlook for Cressy remains optimistic. The sustained population growth suggests continued demand for housing which should support current price trends. Assuming no major economic disruptions occur, both house and apartment markets are expected to maintain their gradual appreciation. This offers a reassuring climate for both current homeowners looking to preserve value and potential investors seeking growth opportunities.
However, as with any real estate market forecast, it is important for stakeholders to monitor local and national economic indicators that might impact these trends. Factors such as employment rates, interest rates, and regional developments should be considered when projecting future market conditions in Cressy.
