Crumlin, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| 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 | $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 | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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 $525,000, the market has seen a 4.2% year-over-year increase, indicating a healthy demand for single-family homes. The median apartment price stands at $310,000, which has risen by 2.8% from the previous year. This growth in apartment prices suggests a growing interest in more affordable and lower-maintenance living spaces.
As Crumlin’s population grows at an annual rate of 3.3%, reaching approximately 15,500 residents, the real estate market is benefiting from increased demand. This demographic trend is supporting both the sales activity and prices in the housing market.
Investment Opportunities and Potential
The positive trends in Crumlin’s real estate market offer attractive opportunities for investors. The steady appreciation in property values indicates that investments made in the current environment have strong potential for capital gains over time. Single-family homes, with their higher year-over-year price increase, present an opportunity for investors seeking assets with a potentially higher return on investment.
Additionally, the increasing population and its consequent housing demand suggest that rental properties could also be a viable investment strategy. Given the rise in apartment prices, investing in multi-unit residential properties might appeal to those looking to capitalize on Crumlin’s growing rental market.
Future Market Outlook
The outlook for Crumlin’s real estate market remains optimistic based on current trends and demographic data. Continued population growth is expected to sustain demand for housing, which should support price stability and growth into the future. The consistent increase in property values across both houses and apartments points to a balanced market with opportunities for both homeowners and investors.
However, it’s important for stakeholders to monitor external economic factors that can affect interest rates and borrowing costs. As long as the local economy remains stable with continued population growth, Crumlin’s real estate market is poised for ongoing prosperity.
