Dowling, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $480,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.6% |
Apartment
Median price | $290,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $480,000 |
4 bedrooms | $550,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $320,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Dowling, Ontario, the real estate market is currently exhibiting a steady growth pattern. The median house price in the region stands at $480,000, with a positive year-over-year trend of 3.2%. This indicates a healthy market that is appreciating at a moderate pace. Similarly, apartment prices have risen with a year-over-year increase of 2.5%, bringing the median apartment price to $290,000. The consistent growth in property values reflects sustained demand and confidence in the local real estate market.
The population of Dowling has grown by 3.3%, reaching approximately 15,500 residents. This demographic expansion supports the increased housing demand and contributes to the robustness of the market. Furthermore, the existing infrastructure, community amenities, and economic opportunities in Dowling likely play a role in attracting new residents and retaining current ones.
Investment Opportunities and Potential
Dowling’s real estate market offers promising investment opportunities for both residential and rental properties. The steady appreciation in house and apartment prices suggests that investments made now could yield favorable returns over time. Moreover, the population growth implies an ongoing or even rising demand for housing which bodes well for rental property investors seeking stable occupancy rates.
The current trends indicate that investing in single-family homes could be particularly advantageous given their higher appreciation rate compared to apartments. However, apartments also represent an attractive investment opportunity due to their more accessible entry price point and appeal to smaller households or individuals who may be drawn to Dowling for work or lifestyle reasons.
Future Market Outlook
The future outlook for Dowling’s real estate market remains optimistic based on current trends. If population growth continues at its current rate or accelerates due to increased attraction to the area’s lifestyle or job opportunities, housing demand is expected to remain strong. This anticipated sustained demand should continue to push property values upward at a measured pace.
As long as economic conditions remain stable and interest rates do not rise significantly enough to dampen buyer enthusiasm, Dowling’s real estate market is likely to maintain its growth trajectory. As always, potential shifts in local or global economic conditions could impact these projections; thus continuous monitoring of economic indicators is essential for accurate future valuations and investment strategies.