Denfield, 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 Denfield, Ontario is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes in the region. Similarly, the apartment market is also showing positive momentum with a median price of $300,000 and an appreciation rate of 2.1% over the past year.
Denfield’s population has seen a significant growth of 7.1%, which indicates an increasing demand for housing. The consistent population growth can be attributed to Denfield’s appeal as a community with potential for economic opportunities and a high quality of life. This demographic trend underscores the robust nature of the local real estate market and points towards sustained demand for both rental and owner-occupied properties.
Investment Opportunities and Potential
The current trends in Denfield present appealing investment opportunities. Given the steady rise in property values and persistent population growth, investors may find potential in purchasing residential properties for long-term capital gains. The 3.5% increase in house prices signifies a stable market that could yield reliable returns on investments in detached homes, townhouses, and other types of family residences.
Apartments are another attractive investment option due to their lower entry price point at $300,000 and a yearly appreciation trend of 2.1%. Investors focusing on rental income may particularly benefit from this segment as the growing population suggests a rising demand for rental properties.
Additionally, new developments catering to incoming residents or renovation projects aimed at improving existing housing stock could capitalize on the expanding market base. Investments in sustainable and energy-efficient properties might also attract environmentally conscious buyers and renters, potentially offering higher returns given current global trends towards sustainability.
Future Market Outlook
The future outlook for Denfield’s real estate market remains optimistic based on current data trends. The consistent increase in median house and apartment prices indicates that the market is likely to maintain its upward trajectory over the near term. The substantial population growth serves as a strong indicator that demand for housing will continue to rise, thus supporting property values.
However, it is crucial for investors to monitor economic factors that could influence the market dynamics such as interest rates changes, employment rates within Denfield, and broader national economic trends.
In conclusion, Denfield offers promising opportunities for real estate investment with its positive growth indicators. A strategic approach considering both short-term gains through rental income and long-term capital appreciation would be advisable for investors looking to enter or expand within this market.
