Deuxrivieres, 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 Deuxrivieres, Ontario, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy upward momentum. Similarly, the median apartment price stands at $300,000, with a slightly lower growth trend of 2.1% year-over-year. This consistent price increase in housing suggests a stable demand for residential properties in the area.
The population of Deuxrivieres has grown by 7.1%, indicating a robust community expansion that could be contributing to the demand for housing. Such demographic trends are often correlated with a vibrant real estate market as new residents seek accommodation, thereby supporting property values.
Investment Opportunities and Potential
Given the positive trajectory of property values and the significant population growth, Deuxrivieres presents attractive investment opportunities. The steady increase in housing prices indicates that investments made in the local real estate market have the potential for capital appreciation over time.
For investors looking at rental properties, the burgeoning population suggests a potential rise in rental demand, which could lead to favorable rental yields. The relatively lower price point of apartments compared to houses might appeal to investors seeking more affordable entry into the market with possibly higher rental turnover rates.
Future Market Outlook
The outlook for Deuxrivieres’ real estate market remains optimistic. Assuming the continuation of current economic conditions and population trends, it is reasonable to expect sustained growth in property values. The consistent year-over-year increase in house and apartment prices reflects confidence in the market’s stability and long-term prospects.
The ongoing population growth will likely continue to drive housing demand, both for purchases and rentals. This demographic factor combined with the observed pricing trends suggests that Deuxrivieres’ real estate market may remain an attractive destination for both homebuyers and investors for the foreseeable future.
