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. With a median house price sitting at $500,000 and witnessing a year-over-year increase of 3.5%, the market is demonstrating healthy appreciation rates reflective of strong demand. The median apartment price stands at $300,000, which has grown at a slightly lower rate of 2.1% year-over-year. This difference in growth rates may indicate a stronger demand for single-family homes compared to apartments.
The population of Dinorwic has reached 15,000 individuals, showing significant growth of 7.1%. This robust population increase is likely contributing to the sustained demand for housing in the area and supports the positive trends observed in property values.
Investment Opportunities and Potential
Given the solid growth in both property values and population, Dinorwic presents attractive investment opportunities. The consistent rise in house prices suggests that purchasing residential properties could yield considerable returns over time, especially for long-term investors looking to capitalize on equity growth.
Moreover, the substantial population growth signals a potential rise in rental demand. Investors interested in the rental market might find apartments to be a prudent investment choice considering their more modest price point and favorable year-over-year trend. Such investments could benefit from both capital appreciation and rental income.
Future Market Outlook
The future outlook for Dinorwic’s real estate market remains optimistic. Given the current trajectory of population expansion and property value increases, it is reasonable to anticipate that these trends will persist in the short to medium term. The sustained interest in both houses and apartments suggests a balanced growth across different housing types.
However, investors should monitor local economic developments and infrastructure projects that could further influence property demands and prices. Staying informed about such factors will be crucial for making strategic investment decisions aligned with future market shifts.
