Croydon, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,750 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Croydon, Ontario, the current real estate market is showing persistent growth, with the median house price standing at $525,000, reflecting a 4% year-over-year increase. This steady rise in house prices indicates a healthy demand for single-family homes in the area. Apartments are also experiencing growth, albeit at a slightly lower rate of 2.5% year-over-year, with the median price currently at $320,000. This suggests that more affordable housing options such as apartments are also in demand but may be subject to slightly different market dynamics.
The population of Croydon is on an upward trajectory with a growth rate of 3.3%, which is significantly higher than many other regions. This population increase can be attributed to Croydon’s appeal as a residential community, likely due to its amenities, quality of life, and employment opportunities. The influx of residents is a strong driver for housing demand and could indicate continued market buoyancy.
Investment Opportunities and Potential
The real estate market in Croydon presents numerous investment opportunities. The consistent rise in property values across both houses and apartments shows promise for investors looking for capital gains. Given the strong population growth rate, rental properties could also provide substantial yields as demand for housing may outpace supply.
Investors should pay attention to local development plans and infrastructure improvements which might further enhance property values. Single-family homes have shown stronger appreciation historically, but apartments offer a lower barrier to entry for investors and could be particularly attractive for those looking to cater to professionals or small families who seek more affordable housing options.
Future Market Outlook
The future market outlook for Croydon’s real estate appears optimistic. The sustained increase in median house and apartment prices coupled with robust population growth suggests that the demand for housing will remain strong. Assuming no major economic disruptions, the local real estate market is likely to continue its upward trend.
However, potential investors and homebuyers should monitor economic indicators such as employment rates, interest rates, and regional economic policies which could influence the real estate market’s trajectory. Careful consideration of these factors will be crucial in making informed investment decisions or predicting future property value changes in Croydon.
