Crosshill, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The current real estate market in Crosshill, Ontario, is characterized by steady growth. With a median house price of $520,000 and a year-over-year increase of 4%, the housing sector demonstrates solid appreciation. Similarly, the median apartment price stands at $310,000, following a slightly lower upward trend of 2.5% year-over-year. This growth is supported by a robust population increase of 3.3%, indicating strong demographic demand that underpins the housing market’s expansion.
Investment Opportunities and Potential
Considering the ongoing growth trends, investment opportunities in Crosshill appear promising. The continuous rise in property values suggests that purchasing residential real estate could yield significant returns over the medium to long term. Investors might consider capitalizing on the higher growth rate in house prices compared to apartments. However, apartments offer a more accessible entry point into the market at $310,000 and may appeal to investors targeting rental income in a growing community.
Future Market Outlook
The future outlook for Crosshill’s real estate market remains optimistic. The persistent population growth of 3.3% will likely maintain demand for housing in both purchase and rental markets. Assuming that economic conditions remain stable and local employment opportunities continue to attract residents, the market is expected to sustain its upward trajectory. Investors and homebuyers should remain vigilant for any economic shifts that may influence mortgage rates and affordability, which are critical factors affecting real estate dynamics.
