Dealtown, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| 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 | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $640,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Dealtown, Ontario, the real estate market is experiencing a period of moderate growth. The median house price currently stands at $525,000, marking a year-over-year increase of 4%. This steady growth in house prices reflects a healthy demand for residential properties in the area. Similarly, the median apartment price is $310,000, with a slightly lower year-over-year trend of 2.5%. This suggests that while apartments are gaining value, they are doing so at a more tempered pace than houses.
The population of Dealtown has been growing steadily at a rate of 1.33%, bringing the current population to approximately 15,200 residents. This gradual increase in residents may contribute to the continued demand for housing and could be an indicator of future market potential.
Investment Opportunities and Potential
Given the current trends, investing in Dealtown’s real estate could be an attractive opportunity for both short-term gains and long-term appreciation. Single-family homes present potential for solid capital gains due to their higher growth percentage. Investors should also consider the consistent rise in apartment values, offering opportunities for those looking to tap into the rental or more affordable segments of the market.
The positive population growth rate suggests an ongoing influx of new residents which may drive demand for rental properties. Investors positioned to cater to this demographic could benefit from stable rental income streams and low vacancy rates. Additionally, as the town continues to grow, there may be opportunities in commercial real estate development or renovation projects aimed at meeting increasing consumer demands.
Future Market Outlook
The future outlook for Dealtown’s real estate market remains optimistic. With a steady population growth and consistent upward trends in property values, it is likely that the demand for both housing and rental units will persist. If current trends continue without significant economic disruptions, potential investors can anticipate a continuation of moderate but stable growth in property values.
However, as with any investment decision, it is crucial to conduct thorough due diligence and keep abreast of broader economic indicators that could affect local market conditions. Factors such as interest rates, employment levels, and regional economic development will all play roles in shaping the future landscape of Dealtown’s real estate market.
