Caledon

Caledon is a town located in the Regional Municipality of Peel in Ontario, Canada. According to the 2021 census, the population of Caledon is 78,000, which is a 5.4% increase from the 2016 census. The town has a rich history, dating back to the early 1800s when it was first settled by Irish and Scottish immigrants. Caledon has contributed significantly to the real estate industry in the Greater Toronto Area. The average price for detached homes in Caledon rose steadily and consistently from $1,133,779 in January 2020 to a record high of $2,187,158 in January 2022, which is a 92.9% increase in just two years. However, the real estate prices in Caledon have been unpredictable in 2023, with huge increases and drops with seemingly little rhyme or reason. The Toronto Regional Real Estate Board (TRREB) reported a monthly average sale price for detached homes of $1,497,465 in July 2023.
Caledon has several notable projects in the city. One of the most significant projects is the Caledon East Community Complex, which is a multi-use facility that includes a community center, library, and arena. The complex is located in the heart of Caledon East and serves as a hub for community activities and events. Another notable project is the Caledon Trailway, which is a 35-kilometer trail that runs through the town and connects to other trails in the region. The trailway is popular among hikers, cyclists, and nature enthusiasts. The town has also invested in several infrastructure projects, including road improvements and the expansion of the wastewater treatment plant. These projects have helped to improve the quality of life for residents and attract new businesses to the area.
Caledon is a growing town with a rich history and a significant contribution to the real estate industry in the Greater Toronto Area. The town has several notable projects, including the Caledon East Community Complex and the Caledon Trailway, which have helped to improve the quality of life for residents and attract new businesses to the area. Despite the unpredictable real estate prices in 2023, Caledon remains an attractive location for those looking to invest in the real estate market.