Delta, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| 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
As of the latest data, the real estate market in Delta, Ontario is experiencing a period of steady growth. The median house price stands at $550,000, indicating a solid year-over-year increase of 4%. This growth trend showcases a healthy demand for single-family homes in the region. Meanwhile, apartments are slightly more affordable with a median price of $320,000 and are following a more modest appreciation trend at 2.5% year-over-year.
This balanced growth across different property types suggests that Delta’s real estate market is attracting a diverse range of buyers, including families seeking more space and individuals or couples looking for smaller, more affordable living spaces. Additionally, a population growth rate of 6.7% underscores the increasing demand for housing as more people are drawn to Delta’s lifestyle and economic opportunities.
Investment Opportunities and Potential
For investors considering Delta’s real estate market, there are promising opportunities to explore. The consistent upward trend in housing prices reflects a market with potential for capital gains over time. Single-family homes, with their higher year-over-year increase in median price compared to apartments, present an attractive option for long-term investment and rental income.
Apartments also offer investment potential due to their lower entry price point and appeal to those looking for more affordable housing or downsizing options. With the population continuing to grow, demand for rental properties is likely to remain strong, providing investors with the possibility of stable rental yields coupled with gradual asset appreciation.
Future Market Outlook
The future market outlook for Delta, Ontario appears optimistic. Current trends suggest that both house and apartment prices will continue to rise at a sustainable pace. The robust population growth signals ongoing demand which should underpin the market’s stability. As long as economic conditions remain favorable and Delta continues to attract new residents through its amenities and employment opportunities, the real estate market is poised for continued growth.
However, it is important for investors and prospective homebuyers to monitor local and national economic indicators that could affect interest rates and borrowing costs. Any significant shifts could impact buyer affordability and thus influence market dynamics in Delta.
