Dinorwic, 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 Dinorwic, Ontario, is currently experiencing steady growth. The median house price sits at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy increase in property values, reflecting continued demand and consumer confidence within the housing market. Similarly, the median apartment price has been noted at $300,000, with a slightly more modest annual growth rate of 2.1%.
The population of Dinorwic has reached approximately 15,000 residents, with a robust population growth rate of 7.1%. This significant increase suggests that Dinorwic is potentially attracting new residents due to various factors such as employment opportunities, lifestyle offerings, or regional development projects.
Investment Opportunities and Potential
Given the consistent uptick in property values and the burgeoning population figures, Dinorwic presents several attractive investment opportunities. Investors may find potential in both residential and rental markets due to the growing demand for housing fueled by population growth.
The steady rise in house prices implies that long-term investments in residential properties could yield appreciable capital gains. For those looking towards the rental market, the increasing number of new residents could translate into higher occupancy rates and rental incomes for apartment buildings and multi-family units.
Future Market Outlook
The future real estate market outlook for Dinorwic appears promising. The sustained growth in both property values and population indicates an ongoing upward trajectory for the region’s housing market. As long as economic conditions remain favorable and the area continues to attract new residents, we can expect further appreciation in real estate prices.
Investors should monitor local developments and infrastructure improvements which could further bolster property values. Additionally, keeping an eye on regional economic trends will be key to understanding long-term market potential in Dinorwic.
