Curran, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Curran, Ontario, the real estate market is exhibiting stable growth. The median house price is currently at $500,000, with a positive year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the region. Similarly, the apartment sector is seeing a modest rise in values, with the median apartment price reaching $300,000 and an annual increase of 2.1%. This growth rate indicates a steady market that may be attractive to those looking for lower volatility.
The population of Curran stands at 15,000 residents and has experienced a significant growth of 7.1%. Such demographic trends typically underpin real estate demand and can contribute to the sustained appreciation of property values over time.
Investment Opportunities and Potential
The consistent growth in property values combined with notable population expansion presents various investment opportunities in Curran. Investors considering entry into the single-family home market can expect a favorable environment given the current trajectory of median house prices.
Apartments represent a potentially lucrative venture as well; although the price trend is slightly more conservative than that of houses, the stability it offers could appeal to investors seeking long-term, income-generating assets. Moreover, the population increase could drive higher rental demand, possibly resulting in improved rental yields.
The current economic landscape suggests that both residential segments are poised for continued growth, provided that local economic conditions remain supportive and no major market disruptors emerge.
Future Market Outlook
Moving forward, the real estate market in Curran appears positioned for continued upward momentum. Assuming that the local economy maintains its course and population growth remains robust, demand for housing should keep pace or possibly even exceed current levels.
The year-over-year growth rates for both houses and apartments indicate that the market is expanding at a sustainable rate without overheating. This bodes well for future capital appreciation potential and presents a relatively low-risk profile for both owner-occupiers and investors alike.
In conclusion, Curran’s real estate market offers an optimistic outlook with promising conditions for investment across multiple housing types. Prospective buyers and investors should monitor local economic developments closely as these will be critical in shaping the future trajectory of property values in this growing community.
