Crosshill, 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 Crosshill, Ontario currently presents a stable growth environment. The median house price stands at $500,000 with a year-over-year increase of 3.5%. This consistent growth signifies a healthy demand for housing in the area. In contrast, the median apartment price is positioned at $300,000, experiencing a slightly less aggressive but still positive year-over-year trend of 2.1%. The divergence in growth rates between houses and apartments may point towards a stronger preference or demand for single-family homes.
Investment Opportunities and Potential
The investment potential in Crosshill is underscored by its robust population growth of 7.1%, which is significantly higher than national averages. This rapid increase suggests that the area is attracting new residents, potentially due to employment opportunities, lifestyle amenities, or other factors that can drive housing demand. Investors might find opportunity in both purchasing properties for long-term capital appreciation or engaging in rental markets to cater to the influx of new residents who may initially seek rental accommodations.
Future Market Outlook
Looking ahead, the future market outlook for Crosshill is optimistic based on current trends and demographic data. Continued population growth should maintain upward pressure on both demand and prices for local real estate. Assuming no major economic disruptions occur, the housing market is likely to sustain its growth trajectory. However, investors should remain vigilant about interest rate changes, economic shifts, and local development policies that could impact the market dynamics.
