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 is experiencing a period of steady growth. With a median house price of $500,000, the year-over-year increase sits at 3.5%, indicating a healthy demand for residential properties. Similarly, apartments in Cressy have seen a more modest growth, with the median price currently at $300,000 and an annual appreciation rate of 2.1%. This demonstrates a balanced expansion across different housing types within the market.
The population of Cressy has recently reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This influx is likely contributing to the increased demand for housing and is a positive sign for continued market vitality.
Investment Opportunities and Potential
Given the steady upward trend in property values and substantial population increase, Cressy presents attractive investment opportunities. The consistent rise in median house prices suggests that purchasing residential property could yield solid returns as the market continues to expand. Moreover, the ongoing population growth is expected to sustain demand for both rental and owner-occupied properties.
For investors looking at rental properties, apartments might be particularly appealing due to their lower entry price point and the rising interest among smaller households or individuals seeking affordable housing options. The current trajectory indicates that investing in Cressy’s real estate could be a prudent move for those looking for medium to long-term capital appreciation.
Future Market Outlook
The future outlook for Cressy’s real estate market appears optimistic. Assuming that current trends persist, such as the robust population growth and escalating housing demand, we can anticipate continued appreciation in property values. While single-family homes are proving to be a strong sector with a 3.5% growth rate, apartments should not be overlooked given their steady 2.1% price trend increase.
The local economy’s health and potential infrastructure developments may further bolster the market’s prospects. As such, both investors and homebuyers might find it advantageous to enter the market sooner rather than later to capitalize on potential gains.
In conclusion, those considering Cressy for real estate investments should monitor local economic indicators closely and stay informed about any new developments that could impact market conditions. Flexibility and due diligence will be key in navigating this dynamic and growing market.
