Deloro, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Deloro, Ontario, is experiencing steady growth, as indicated by the current median house price of $520,000, which reflects a 4% year-over-year increase. This positive trend suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has seen a more moderate rise, with a 2.5% year-over-year increment, settling at $310,000.
Deloro’s population currently stands at 15,500 residents and has witnessed a significant growth rate of 3.3%. This demographic uptick is likely contributing to the sustained demand for housing and indicates potential for continued market expansion. The combination of rising property values and population growth points towards an active market with competitive conditions for both buyers and sellers.
2. Investment Opportunities and Potential
The ongoing trends in Deloro provide attractive investment opportunities, particularly in the residential sector. The steady appreciation of house prices at 4% annually presents potential for capital gains for investors looking to enter the market. With apartments trailing slightly behind in price growth at 2.5% year-over-year, they represent an alternative entry point for investors seeking more affordable options with reliable appreciation potential.
Given the rising population and consequent demand for housing, rental properties also offer an intriguing opportunity for investors aiming to generate passive income. As new residents look for accommodations in Deloro, landlords can benefit from increased rental demand that may lead to higher occupancy rates and potential rental yield improvements.
3. Future Market Outlook
The future market outlook for Deloro appears optimistic based on current trends and demographic indicators. Assuming that the population continues to grow at or above the current rate of 3.3%, housing demand is likely to remain strong. This sustained demand could continue to push property prices upwards over time.
The consistent growth in house prices suggests that Deloro’s real estate market has underlying strength and resilience. However, prospective investors should also consider broader economic factors such as employment rates, infrastructure developments, and interest rates which can impact future market conditions.
In summary, Deloro’s real estate market shows promising signs for both short-term investments through property flipping and long-term strategies like buy-and-hold rentals. Continual monitoring of market data will be crucial in assessing ongoing trends and making informed investment decisions moving forward.
