Croydon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $640,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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 real estate market in Croydon, Ontario is currently experiencing a steady increase in property values. With a median house price sitting at $525,000, the year-over-year growth is reported at 4%. This suggests a healthy demand for housing amidst a relatively balanced supply-and-demand scenario. Similarly, the median apartment price is $320,000, with an appreciation trend of 2.5% over the past year. These statistics indicate a consistent upward momentum in the residential property segment, though apartments are appreciating at a slightly slower pace compared to houses.
Investment Opportunities and Potential
Given the current growth trends, Croydon’s real estate market holds promising investment opportunities. The steady increase in housing prices reflects the underlying potential for capital gains over time. Investors looking to purchase residential properties might find single-family homes particularly attractive due to their higher appreciation rate. Furthermore, with a population of 15,200 and an annual growth rate of 1.33%, there is ongoing demand for rental properties, which offers potential for solid rental yields and long-term occupancy rates for investors considering the buy-to-let market.
Future Market Outlook
Looking ahead, the future market outlook for Croydon remains optimistic. Population growth continues to be positive, albeit modest, which will likely maintain the demand for housing and support further property value increases. If current trends persist, investors can expect sustained growth in both the house and apartment sectors—albeit potentially at different rates—with houses possibly offering more significant appreciation potential due to their stronger historical performance.
It’s important to note that external economic factors such as interest rates, employment levels, and regional developments could influence these projections. As such, investors should remain vigilant and conduct thorough due diligence when considering real estate investments in Croydon.
