Crumlin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $615,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| 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 Crumlin, Ontario, is currently experiencing steady growth. With a median house price of $505,000 and an annual appreciation trend of 3.2%, the housing market demonstrates a stable increase in value. This suggests a healthy demand for residential properties that is likely to continue given the current trajectory.
In comparison, the median apartment price stands at $310,000, with a slightly lower year-over-year price increase of 2.5%. Although the growth rate for apartments is more modest than houses, it still indicates a positive trend in the market for multi-family dwellings.
The population of Crumlin has reached 15,200 and is expanding at a rate of 2.7% per annum. This growth may be contributing to the sustained demand for housing in the area, reflected in both property types’ steady appreciation rates.
Investment Opportunities and Potential
Given the steady market growth and population increase, Crumlin presents several investment opportunities. The consistent rise in median house prices suggests that single-family homes are a solid investment choice with potential for capital gains over time. Investors should take note of this trend and consider the long-term benefits of acquiring residential properties in this region.
Similarly, apartments offer a valuable investment opportunity due to their affordability relative to houses and the growing demand for rental units among smaller households or those seeking more urban living arrangements. As population growth persists, it is likely that the rental market will remain robust, providing investors with ongoing income potential through rental yields.
Investors should also consider future infrastructure developments or economic initiatives within Crumlin that could further enhance property values and attract new residents to the area.
Future Market Outlook
The future market outlook for Crumlin’s real estate appears promising. Continual population growth will likely sustain housing demand, supporting both property values and rental market strength. If current trends persist, investors can expect ongoing appreciation in property values across both houses and apartments.
However, it is important for investors to monitor factors such as interest rates, employment rates, and local economic policies that could influence buyer affordability and overall market conditions. Keeping abreast of these factors will be crucial for making informed investment decisions in Crumlin’s real estate market moving forward.
