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 in Deerbrook, Ontario
In Deerbrook, Ontario, the real estate market is exhibiting steady growth. The median house price in the region stands at $500,000, reflecting a year-over-year increase of 3.5%. This trend indicates a robust market with consistent appreciation in property values. Similarly, the median apartment price is currently $300,000 and has experienced a smaller yet positive year-over-year growth of 2.1%. These statistics suggest that while houses are appreciating at a faster rate than apartments, both segments of the market are moving upward.
The population of Deerbrook is approximately 15,000 and has been growing at a healthy pace of 7.1%. This demographic expansion can be attributed to various factors such as employment opportunities, quality of life, and the attractiveness of Deerbrook as a residential area. As the population grows, demand for housing increases, which may continue to put upward pressure on property prices and reduce market inventory levels.
Investment Opportunities and Potential in Deerbrook
Given the current market trends and demographic data, Deerbrook offers promising investment opportunities for both residential properties and rental units. Investors could benefit from the steady increase in property values seen in both houses and apartments. With houses experiencing higher appreciation rates than apartments, they may represent a more lucrative investment for capital gains over time.
The growing population suggests that there will be an ongoing demand for rental properties. Thus, purchasing an apartment unit or building with the intent to rent it out could yield substantial returns on investment through rental income and potential appreciation. The lower median price point for apartments also provides an accessible entry into the real estate market for first-time investors or those with more modest budgets.
Future Market Outlook for Deerbrook
The future real estate market outlook for Deerbrook appears optimistic. The combination of steady population growth and consistent property value appreciation indicates that the demand for housing is likely to remain strong. Assuming similar economic conditions persist, we can expect continued growth in both house and apartment prices.
However, investors should consider several factors that could influence this outlook including interest rate changes, economic policies affecting housing affordability or mortgage qualification criteria, and any significant socio-economic shifts within the region or countrywide. Keeping abreast of these variables will be crucial for investors seeking to capitalize on Deerbrook’s real estate market potential.
To conclude, Deerbrook presents an appealing environment for real estate investment based on current trends and demographic growth patterns. While future conditions are subject to change due to broader economic influences, present indicators suggest a positive trajectory for local real estate values.
