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
The real estate market in Curran, Ontario is experiencing a steady growth phase as indicated by the year-over-year statistics. The median house price stands at $500,000, which has risen by 3.5% from the previous year. This growth rate suggests a healthy demand for housing in the area, likely driven by both local factors and broader provincial economic trends.
In contrast, the apartment market shows a more modest growth with the median apartment price at $300,000 and an increase of 2.1% year-over-year. This could indicate that while there is an interest in more affordable housing options, the demand for apartments is not as vigorous as it is for standalone houses.
The population of Curran stands at 15,000 with a substantial population growth of 7.1%, which is significantly higher than national averages. This rapid population increase can be attributed to Curran’s attractiveness to new residents, potentially due to employment opportunities, lifestyle preferences or other socio-economic factors.
Investment Opportunities and Potential
The current market data presents several investment opportunities in Curran. With median house prices rising steadily, investing in residential properties could yield favorable returns as property values appreciate over time. Furthermore, given the strong population growth, rental properties might also present a lucrative opportunity as there may be an increased demand for rental housing.
The slower growth in apartment prices suggests that there could be room for investment in this sector as well. Investors might consider developments or renovations that can tap into potential unmet demand for modern or strategically located apartments. Additionally, due to the ongoing population increase, there could be an emerging market for diverse housing options catering to different segments such as retirees, young professionals, and families.
Future Market Outlook
Looking ahead, the real estate market in Curran appears optimistic. If current trends continue along with the strong population growth rate, one can expect sustained demand for housing which should keep pushing property values upward in both the short and long term. Additionally, if local economic conditions remain favorable and infrastructure development keeps pace with population growth, Curran could maintain its trajectory as a burgeoning market within Ontario’s real estate landscape.
In conclusion, factors such as steady price increases and significant population growth suggest that Curran’s real estate market holds promise for potential investors. However, it’s crucial to monitor economic indicators closely and remain aware of any shifts in local policy or infrastructure developments that may influence future market dynamics.
