Desboro, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Desboro, Ontario, is currently experiencing moderate growth. With a median house price of $500,000, the market has witnessed a year-over-year increase of 3.5%. This indicates a steady demand for housing in the area, which could be attributed to Desboro’s quality of life and its appeal to families and professionals seeking a balance between urban amenities and rural charm.
The median apartment price stands at $300,000, with a slower growth trend of 2.1% over the past year. This suggests that while there is an interest in more affordable and lower-maintenance living spaces, it is not as pronounced as the demand for houses. It also reflects a market where apartments are an alternative for those priced out of the house market or seeking a different lifestyle.
With a population of 15,000 that has grown by 7.1%, Desboro is likely experiencing increased demand for housing options across the board. The population growth can be an indicator of economic expansion and the potential for further real estate development.
Investment Opportunities and Potential
Investors considering Desboro’s real estate market would find potential in both the single-family home sector and the apartment market due to the overall steady price appreciation. The consistent growth rate in house prices suggests that investments in residential properties could yield solid returns over the medium to long term, especially if the local economy continues to expand and attract new residents.
The apartment sector presents a unique opportunity for investors looking to cater to individuals who may prefer more affordable housing or wish to downsize. Given the slower growth rate in apartment prices compared to houses, investors may find less competition and better deals that could translate into significant rental demand as the population increases.
Additionally, with population growth outpacing current housing stock expansion rates, there may be opportunities for new development projects aimed at meeting the growing housing needs of Desboro’s residents.
Future Market Outlook
The future outlook for Desboro’s real estate market remains positive. A healthy population growth rate of 7.1% is indicative of an increasing need for residential properties. If this trend continues alongside economic stability or improvement, it is reasonable to expect that both house and apartment prices will continue their upward trajectory.
Investors should monitor local economic drivers such as employment rates, infrastructure developments, and migration patterns closely, as these factors will heavily influence future market conditions. Furthermore, staying attuned to national economic policies that affect mortgage rates and borrowing costs will also be critical in forecasting longer-term market dynamics.
In summary, Desboro’s real estate market holds promise for both homeowners looking to settle in a growing community and investors seeking stable growth opportunities. Careful analysis of ongoing trends coupled with strategic investment could yield favorable outcomes in this Canadian locale.
