Dawneuphemia, 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 Dawn-Euphemia, Ontario, currently presents stable growth with the median house price standing at $500,000. This reflects a year-over-year increase of 3.5%, indicating a healthy demand for houses in the area. Similarly, the median apartment price is set at $300,000 with a more modest year-over-year growth of 2.1%. These trends suggest that the housing market in this region has been experiencing consistent appreciation, albeit at a sustainable rate that is indicative of a balanced market rather than an overheated one.
The population of Dawn-Euphemia has witnessed significant growth at a rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing and could be a driving factor behind the steady increase in property values. With a population now reaching 15,000 residents, the local real estate market is likely benefiting from an influx of new entrants looking for residential opportunities.
Investment Opportunities and Potential
For investors considering the Dawn-Euphemia real estate landscape, there are promising opportunities especially in residential properties. Given the steady growth in property values and an expanding population base, there is potential for both short-term gains through property flipping and long-term wealth accumulation via rental income and appreciation.
Investing in houses could yield higher value increases based on current trends; however, apartments offer a lower barrier to entry with potentially high rental demand stemming from those seeking more affordable housing options or temporary residence. As such, both housing types present viable investment routes but with different risk profiles and capital requirements.
The ongoing population growth also hints at future development projects and infrastructure improvements which may further enhance property values and provide additional impetus for real estate investment activities within Dawn-Euphemia.
Future Market Outlook
The future outlook for Dawn-Euphemia’s real estate market appears positive based on current trends. The consistent rise in property prices at manageable rates suggests that the market may continue to experience healthy growth without facing significant risks of a bubble or abrupt corrections.
The notable population increase is expected to continue fueling demand for housing which should support ongoing appreciation in property values. However, potential investors and homeowners should stay informed about local economic developments, zoning laws changes, and infrastructure projects as these factors can have profound effects on the future trajectory of the real estate market.
It is also prudent to consider broader economic conditions such as interest rates, employment rates, and regional economic policies that can impact buyer purchasing power and investment returns. Vigilance in monitoring these factors will be key to making well-informed decisions within Dawn-Euphemia’s dynamic real estate environment.
