Demorestville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,505.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Demorestville, Ontario, currently exhibits steady growth with the median house price sitting at $495,000, marking a year-over-year increase of 3.4%. This increment is indicative of a healthy demand for housing in the area. Similarly, the median apartment price has grown to $295,000, which is a 2.5% rise compared to the previous year. These trends suggest a sustained interest in both detached homes and apartments within the local market.
Investment Opportunities and Potential
Investment opportunities within Demorestville are promising, particularly due to the region’s population growth of 3.4%. The increasing population is a strong driver for housing demand, which can result in capital appreciation over time for investors. Moreover, the steady growth in property values offers potential for rental investments as well, given that there may be a growing segment of the population looking for rental accommodations before entering the homeownership market.
Future Market Outlook
The future outlook for Demorestville’s real estate market remains positive. Factors such as the consistent population growth and upward trends in property prices suggest that the demand for housing will continue to rise. Assuming there are no significant economic changes or policy shifts that negatively impact the housing market, investors and homeowners alike can be cautiously optimistic about continued growth in property values and investment returns.
