Crysler, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Crysler, Ontario is currently experiencing steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for homes in the area, driven by factors such as favorable mortgage rates and a robust local economy.
Similarly, the median apartment price stands at $320,000, with a slightly lower year-over-year growth rate of 2.5%. This slower rate of increase for apartments suggests a more modest but stable interest in multifamily housing units among investors and homebuyers.
The population of Crysler has reached approximately 15,500, with an impressive growth rate of 3.3%. The increasing population is likely contributing to the demand for housing and sustaining the upward trend in property values.
2. Investment Opportunities and Potential
Crysler offers promising investment opportunities, particularly in the residential sector. The consistent rise in house prices reflects a growing market where investment in single-family homes could yield solid returns over time. For those looking to invest in multifamily units or apartments, the positive but more moderate price trend presents potential for long-term income through rentals.
The ongoing population growth further bolsters the case for investment. A growing populace translates into increased demand for housing which could result in higher occupancy rates and potentially higher rents for investors considering rental properties. Additionally, new developments and infrastructure to support this growth can lead to appreciation in property values over time.
3. Future Market Outlook
The future outlook for Crysler’s real estate market appears optimistic based on current trends and demographic data. If population growth continues at its present rate, demand for housing is likely to remain strong. This bodes well for both homeowners and investors seeking capital gains or rental income.
Given the steady increase in median house prices and the robust population growth rate, Crysler may see sustained or potentially increased rates of property value appreciation in the coming years. However, investors should be mindful of external economic factors such as interest rates and employment levels that could influence buyer affordability and impact market conditions.
In conclusion, Crysler’s real estate market demonstrates positive trends with potential for further growth, making it an attractive option for investors and homebuyers alike who are looking to capitalize on its upward momentum.
