Demorestville, 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 Demorestville, Ontario, currently displays a steady growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation rates that are somewhat aligned with national trends. Similarly, the median apartment price stands at $300,000, experiencing a slightly lower growth trend of 2.1% over the past year.
This burgeoning market is supported by an expanding population that has grown by 7.1% recently. This demographic shift suggests an increasing demand for housing which is likely to keep prices on an upward trajectory. Moreover, the steady growth in property values indicates a robust and resilient market, unaffected by major fluctuations or volatility.
Investment Opportunities and Potential
For investors looking to capitalize on the Demorestville real estate market, there are several opportunities worth considering. The consistent increase in property values presents a favorable scenario for long-term capital gains. Single-family homes remain a solid investment choice given their higher appreciation rate compared to apartments.
Apartments might appeal to investors seeking more affordable entry points into the market or those looking to cater to demographics such as young professionals or smaller families who may prefer apartment living. With the population growth, rental demand is likely to rise which could lead to potential yield increases for income-focused investors.
Future Market Outlook
The future outlook for Demorestville’s real estate market remains optimistic. The significant population growth underpins this positive sentiment as it signals ongoing and future demand for housing. If these demographic trends continue alongside economic stability in the region, one can expect sustained growth in property values.
While current trends suggest a stable environment for both homeowners and investors alike, potential buyers should also consider broader economic indicators and regional developments that could impact the market. Maintaining vigilance on interest rates, employment figures, and infrastructure projects will be essential in forecasting any shifts in market dynamics that could alter this outlook.
