Dalrymple, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 in Dalrymple, Ontario
The real estate market in Dalrymple, Ontario is currently experiencing steady growth. The median house price stands at $520,000, which marks a 4% increase year-over-year. This indicates a healthy demand for housing in the area, suggesting that the market is favorable for sellers. The median apartment price is also on the rise with a current value of $310,000, reflecting a 2.5% growth year-over-year. These trends suggest an overall appreciation of property values in Dalrymple.
The population of Dalrymple has reached 15,500 residents and is growing at a rate of 3.3%. This growth can contribute to increased demand for housing, both for ownership and rental purposes. Given these market conditions, we can infer that there is a stable and growing housing demand which could sustain the continued appreciation of property values in the near future.
Investment Opportunities and Potential
The consistent growth in property values coupled with the increasing population indicates strong investment potential in Dalrymple’s real estate market. Investors have opportunities to buy into a rising market with the expectation of capital gains over time. The more moderate increase in apartment prices suggests that there may be particular potential in the multi-family housing sector as an entry point for investors looking for lower initial investments and the possibility of rental income streams.
Given the population growth rate, there is also potential for new development projects to meet the rising housing demand. Investors interested in longer-term growth strategies might consider engaging in real estate development or purchasing land that could appreciate as the local population continues to expand.
Future Market Outlook
The future outlook for the Dalrymple real estate market appears positive. The steady increase in house prices and population suggests that demand will continue to grow. Assuming no major economic disruptions occur, this trend should maintain or potentially even increase, especially given the robust population growth rate which outpaces many other regions.
However, it is important for investors to consider macroeconomic factors such as interest rates, employment rates in Ontario and broader national economic indicators that could impact buyer affordability and influence the real estate market dynamics. Vigilance regarding these factors is crucial when forecasting long-term trends.
In summary, Dalrymple’s real estate market presents an attractive opportunity for both residential buyers looking to enter a growing market and investors seeking investment properties with potential for appreciation and income generation. Careful analysis of ongoing trends and external economic factors will be key to making informed decisions moving forward.
