Dobie, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Dobie, Ontario currently exhibits a stable growth pattern. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady appreciation indicates a healthy demand for single-family homes in the area. Meanwhile, the median apartment price has reached $300,000, with a more modest annual growth rate of 2.1%. This suggests that while apartments are also gaining value, the market for multi-family dwellings is not as robust as the single-family sector.
Investment Opportunities and Potential
Given the current growth trends, Dobie offers promising investment opportunities, particularly in the housing segment. The consistent increase in home values points to solid long-term investment potential. Investors looking to capitalize on rental income may find apartments appealing due to their lower entry price point of $300,000, despite the slower growth rate compared to houses.
Dobie’s population has grown by a significant 7.1%, which may continue to drive demand for housing in both purchase and rental markets. As the town’s demographics evolve, there may also be opportunities for developers to cater to new housing needs that arise from this population increase.
Future Market Outlook
The outlook for Dobie’s real estate market remains positive, bolstered by strong population growth and consistent property value appreciation. Assuming these trends persist, both residential sectors should continue to experience value gains, albeit at potentially varying rates.
The growing population—now at 15,000 residents—is likely to further stimulate housing demand, supporting both prices and investment returns over time. Decisions by local authorities concerning zoning changes or infrastructure improvements could further impact this trajectory and should be monitored closely by investors.
In conclusion, those considering entering or expanding within Dobie’s real estate market should find reassurance in its ongoing development and prospects for continued growth.
