Denbigh, 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 Denbigh real estate market is currently characterized by a steady growth in property values. The median house price in the area stands at $500,000, with an annual appreciation trend of 3.5%. This indicates a healthy demand for single-family homes and a resilient market that has been consistently growing over the past year.
Similarly, the apartment sector in Denbigh is exhibiting positive momentum with a median price of $300,000 and a 2.1% year-over-year price increase. These trends are indicative of a balanced market where both housing types remain accessible yet are gradually appreciating in value, suggesting sustained interest among buyers and investors alike.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Denbigh are promising. The consistent growth in house prices implies that purchasing residential properties could lead to capital gains over time. Investors may consider acquiring single-family homes or apartments to tap into the appreciation potential as well as rental income prospects.
The population growth of 7.1% also presents an opportunity for increased demand for housing. As the population expands, so does the need for accommodation, which can lead to higher occupancy rates and potentially greater rental yields for investors. Moreover, new infrastructure developments or community enhancements that typically accompany population increases may further bolster property values.
Future Market Outlook
Looking ahead, the Denbigh real estate market is poised to maintain its upward trajectory. The robust population growth rate of 7.1% will likely sustain demand for housing, which could contribute to continued appreciation of property values. As long as economic conditions remain favorable and supply does not outpace demand significantly, both the median house price and apartment price are expected to follow their current trend lines.
However, potential investors and homeowners should be cognizant of external economic factors that may impact interest rates, borrowing costs, and general market sentiment. Keeping a close eye on local developments and broader economic indicators will be key in navigating the future landscape of Denbigh’s real estate market.
