Deloro, 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 Deloro, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market reflects a trend towards moderate but consistent appreciation. Similarly, the median apartment price stands at $300,000, displaying a slightly lower growth rate of 2.1% year-over-year.
The town’s population has reached 15,000 inhabitants and is showing a strong growth rate of 7.1%. This demographic expansion may be contributing to the demand for housing and underpinning the observed appreciation in property values.
Investment Opportunities and Potential
The sustained increase in property values indicates a healthy investment environment within Deloro’s real estate market. The consistent growth in house prices provides an opportunity for long-term capital gains for investors looking to purchase residential properties.
Given the population growth, there is potential for both rental and sale markets to thrive. Investors might consider the development of new housing units or refurbishment of existing properties to cater to the growing demand. Moreover, with apartment prices rising more modestly than house prices, there could be an untapped market for multi-unit residential buildings that offer more affordable living spaces.
Future Market Outlook
The future outlook for Deloro’s real estate market appears positive. The steady upward trend in house and apartment prices suggests that the demand for housing will continue to support property value appreciation. Furthermore, the robust population growth rate points to ongoing demand for accommodation which should sustain market activity.
However, as with any investment, potential changes in economic conditions, interest rates, and government policies could impact future market performance. It would be prudent for investors to remain attentive to such external factors when considering long-term investments in Deloro’s real estate market.
