Dalkeith, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dalkeith, Ontario is currently experiencing a period of steady growth. With a median house price of $525,000 and an annual appreciation rate of 4%, the market is showing healthy demand for single-family homes. This is slightly above the national average, indicating that Dalkeith’s housing market is performing well. The median apartment price stands at $310,000, with a more modest year-over-year price increase of 1.5%. This suggests that while there is growth in the apartment sector, it is less pronounced than that seen in detached homes.
Investment Opportunities and Potential
For investors looking to enter the Dalkeith market, single-family homes present a particularly attractive opportunity. The consistent appreciation indicates a stable investment with potential for capital gains over the long term. The rental market is likely to be buoyant as well, given the population growth of 3.3%, which is robust and may lead to increased demand for rental properties as new residents seek housing. Apartments may offer a lower entry point for investment and could appeal to investors seeking to cater to singles or small families who prefer this type of accommodation or are priced out of the detached housing market.
Future Market Outlook
The future outlook for Dalkeith’s real estate market appears positive. The steady population growth suggests continued demand for housing which should underpin property values. While national economic trends and interest rates will impact the local market, Dalkeith’s above-average growth indicates a certain level of resilience. Investors and homebuyers can be cautiously optimistic about the potential for ongoing appreciation in property values and opportunities in both the home ownership and rental markets.
