Deerbrook, 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 Deerbrook, Ontario, currently presents a stable growth scenario. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is experiencing consistent appreciation. This suggests that homeowners are seeing a steady rise in their property values.
The apartment sector is also showing positive movement, with a median price of $300,000 and a growth rate of 2.1% compared to the previous year. While the increase in apartment prices is more modest than that of houses, it indicates a healthy demand for more affordable housing options within the market.
This area’s population has experienced significant growth at 7.1%, which may be contributing to the demand for housing and subsequently affecting prices. With an increasing population, the community’s infrastructure and amenities are likely under development to accommodate this expansion.
Investment Opportunities and Potential
Given Deerbrook’s steady housing price trends and significant population growth, investment opportunities seem promising. The consistent appreciation in house prices could be attractive for long-term investors looking for capital gains. Rental properties might also offer potential due to the influx of new residents seeking housing.
The lower price point and slower growth rate in the apartment sector suggest an accessible entry point for first-time investors or those with a lower risk appetite. Moreover, as population growth often drives rental demand, investing in apartments could cater to segments of the population such as young professionals or small families who seek more affordable living options.
Future Market Outlook
The future outlook for Deerbrook’s real estate market remains optimistic based on current trends. Should the population continue to grow at or near its current pace, demand for both houses and apartments is likely to remain strong. Sustained economic conditions and further development within Deerbrook could see continued or even increased rates of property value growth.
However, potential investors should monitor local economic developments, interest rates, and government housing policies as these can impact future market conditions. Keeping abreast of these factors will be crucial to understanding the trajectory of Deerbrook’s real estate landscape.
