Dorking, 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
1. Current Market Conditions and Trends
The real estate market in Dorking, Ontario, is currently experiencing a period of steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes in the region, likely driven by both local factors and broader provincial trends.
Similarly, the apartment sector has seen a more modest uptick with the median apartment price reaching $300,000 and an annual growth rate of 2.1%. This could indicate a robust rental market or an influx of first-time homebuyers and investors looking for more affordable entry points into the housing market.
The population of Dorking has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic trend is typically a positive signal for real estate markets as it often leads to increased demand for housing across all property types.
2. Investment Opportunities and Potential
Given the steady growth in housing prices and the significant population increase, Dorking presents several promising investment opportunities. The strong performance of single-family homes indicates that purchasing residential properties could lead to reliable capital appreciation over time.
Apartments also represent a strategic investment opportunity due to their lower entry cost and potential rental income. With the population growth rate outpacing national averages, demand for rental properties is expected to remain high. Therefore, investing in multi-unit residential buildings or developing new apartment complexes could yield substantial returns for investors.
In addition to residential real estate, commercial properties may also benefit from the expanding population base as new residents will likely increase demand for services and retail options.
3. Future Market Outlook
The future outlook for Dorking’s real estate market remains optimistic given current trends and fundamental indicators. Assuming that economic conditions remain stable and interest rates are favorable, the continuous population growth should sustain housing demand.
The ongoing trend of price increases across both houses and apartments suggests that Dorking’s real estate market is on a sustainable upward trajectory. However, potential investors should be vigilant about changes in local economic conditions or shifts in provincial housing policies that could affect future market dynamics.
Overall, stakeholders can approach Dorking’s real estate landscape with confidence but should maintain a level of caution typical for any investment decision. Continuous monitoring of market signals and demographic trends will be key to successful long-term investments in this burgeoning Ontario community.
