Caledon, a picturesque town in the Regional Municipality of Peel, Ontario, is known for its scenic landscapes and peaceful countryside. Popular among nature lovers and outdoor enthusiasts, Caledon offers hiking and biking trails, golf courses, and conservation areas. With a diverse range of Caledon homes for sale – including a spacious family home, a cozy bungalow, or a luxurious estate – the housing market has something to offer everyone.
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Rural Canada at its finest
Caledon’s unspoiled rural countryside, historic buildings, and equestrian associations attract many visitors. Famous for its vibrant equestrian community, horse enthusiasts will appreciate the town’s horse breeding farms, stables, ranches, riding schools, and equestrian events. No wonder Caledon is one of the premier equestrian centres in Canada.
With ample green spaces and fewer people relative to its large size, it’s the perfect place to relax. Visitors can explore the many conservation areas and trails throughout the town. The town’s rich history is also evident in its many old industrial structures, which have been lovingly maintained and repurposed into modern fixtures.
Advantages of living in Caledon
Caledon boasts a diverse economy with many strengths, including its thriving agricultural industry and Greater Toronto Area (GTA) location.
Caledon is a desirable place to live and work; the town is also focused on improving its economy further and providing its residents with an exceptional quality of life. Caledon has gained a reputation as “Ontario’s Greenest Community” and “Canada’s Safest Community,” which has helped attract businesses and individual residents.
In fact, Caledon has the highest income of any city in the Peel Region and the lowest unemployment rate. With 72.3% of its residents employed, it also has the highest employment rate in the region. Caledon’s highly skilled and motivated workforce makes it an excellent location for businesses to grow and thrive.
Caledon may not have its own universal transit system. Still, it is easily accessible by bus, with a 50-minute ride from the Brampton Bus Terminal, and by car, with a drive of under an hour’s distance from downtown Toronto. The town is also well-connected by an extensive network of railroads, making it easy to get around.
Caledon real estate
By area, Caledon is the largest municipality in the GTA. Despite its proximity to Toronto, homes in the area are reasonably priced and well-maintained. Orangeville, Brampton, Vaughn and Mississauga are just a short drive away and offer all the big-city amenities one can wish for. Most of Caledon’s housing comprises single-family homes, but you can find the odd condo in the city.
Caledon Village is a popular destination for property investors and homeowners in Ontario. The nearby communities of Alton, Belfountain, Caledon Village, Caledon East, Ballinafad, and Amaranth offer a diverse range of properties for sale. Whether you’re a senior looking for a place to settle down, a young family or a single professional seeking an affordable property, Caledon is a town that has something for everyone.
Average home prices
In January 2023, the average home price in Caledon was $1.58 million, a 33.9% increase from December 2022. Detached townhouses averaged $1.76 million, up 29.5% from the previous month but down 19.5% from the prior year. Semi-detached houses averaged $985,500, down 8.9% from the last month and 29.2% from the preceding year.
Compared to ten years ago, the average sale price for all houses and condos in Caledon has increased by 194.9%. Detached houses have a gain of $1.2 million, and semi-detached houses have a gain of $581,833.
According to Toronto Regional Real Estate Board (TRREB) Chief Market Analyst Jason Mercer, home prices have decreased over the past year across the GTA as homebuyers tried to reduce the impact of higher borrowing costs. While short-term borrowing costs increased in January, medium-term mortgage rates, like the five-year fixed rate, have started to decrease compared to the end of last year. The Canadian Real Estate Association (CREA) expects this trend to continue, making homes more affordable in 2023.
Should you look at homes in Caledon?
If you’re looking for an affordable place in Ontario, Canada, to call home in 2023, Caledon should be one of the top contenders. As a peaceful and natural environment, Caledon offers the perfect blend of a rural and urban lifestyle within reach of Toronto’s amenities.
Although housing prices have increased significantly over the past decade, Caledon remains a more affordable option than Toronto’s real estate market. Experienced real estate professionals will help make the home-buying process more manageable.
With the expectation of medium-term mortgage rates, like the five-year fixed rate, trending lower and continuing to decrease throughout the year, it’s an excellent time to consider investing in Caledon real estate. You may find your dream home in this popular area at a lower price than you thought.