Desbarats, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.5% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Desbarats, Ontario, is showing a stable growth trajectory. With a median house price of $495,000, the market has experienced a moderate increase of 2.8% year-over-year. This points to a healthy demand for housing in the area and reflects a steadily appreciating market. Similarly, the median apartment price stands at $295,000, which has seen a smaller yet consistent uptick of 1.9% year-over-year.
The population of Desbarats is sitting at approximately 15,100 residents and has witnessed a growth rate of about 2%. This incremental increase suggests that the area is attracting new residents at a steady pace, likely due to employment opportunities, lifestyle offerings, or other regional attractions. Such demographic trends are often positive indicators for the local real estate market as they can drive demand for housing.
Investment Opportunities and Potential
With stable price appreciation and population growth, Desbarats presents appealing investment opportunities for both residential properties and rental units. The consistent rise in property values signifies potential for capital gains over the long term for investors looking to purchase homes or apartments. The town’s appeal to new residents can translate into strong rental demand, providing investors with the opportunity to secure steady rental income streams.
As the median prices suggest, Desbarats offers more affordable investment options compared to larger urban centers in Ontario. This affordability could attract first-time homebuyers or investors seeking lower entry points into the housing market. Given the current trends, investing in Desbarats could be particularly attractive to those who prioritize stability and gradual growth.
Future Market Outlook
Looking ahead, Desbarats’s real estate market is expected to maintain its course of steady growth. The observed annual increases in property values indicate that there is ongoing confidence in the market’s stability and potential for long-term wealth accumulation. As long as the population continues to grow at its current rate or higher, demand for housing is likely to keep pace.
However, it will be important for investors and potential buyers to monitor economic factors that could influence the market such as interest rates changes or shifts in local employment rates which could either bolster or buffer these growth trends. Vigilance towards broader provincial and national economic conditions will also be crucial since they can have ripple effects on local markets like Desbarats.
