Delta, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,300 |
| Previous Population (2019) | 15,000 |
| Population Change | 2.0% |
| 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
The real estate market in Delta, Ontario is currently experiencing steady growth. The median house price stands at $525,000, which reflects a year-over-year increase of 4%. This indicates a healthy demand for detached homes in the area. Similarly, apartments have seen a rise in value with the median price at $310,000 and a 2.5% year-over-year growth trend. These statistics suggest that both segments of the housing market are appreciating, albeit at different rates.
Investment Opportunities and Potential
The consistent upward trend in property values presents attractive investment opportunities in Delta. For investors looking to purchase residential real estate, the moderate but stable price increase suggests potential for long-term capital gains. Furthermore, with the population growing at a rate of 2%, there is likely to be an ongoing demand for housing which could support rental market investments as well. Given the more significant appreciation rate in detached houses compared to apartments, single-family homes may represent a particularly promising investment choice in terms of value growth.
Future Market Outlook
Looking forward, the Delta real estate market appears poised for continued growth. Population increases will drive housing demand, further supported by broader economic factors such as employment rates and regional development. Assuming current trends persist, investors and homeowners can expect further appreciation in property values. However, potential buyers should remain vigilant regarding local and national economic indicators that might affect interest rates and affordability, which could impact the pace of growth in Delta’s market.
