Dowling, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| 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 experiencing a period of steady growth. The median house price in the area stands at $525,000, showing a year-over-year increase of 4%. This indicates a healthy demand for housing and a resilient market that can withstand economic fluctuations. The median apartment price is currently at $310,000, with a slightly slower growth rate of 2.5% year-over-year. Despite the slower growth in apartment prices compared to houses, the overall upward trend suggests that both segments of the market are expanding.
The population in Dowling is approximately 15,500 and has seen a robust growth of 3.3%, which could be contributing to the increased housing demand. This demographic expansion implies more households looking for accommodation and potentially higher rental demand.
Investment Opportunities and Potential
Given the moderate yet consistent rise in property values and the increasing population, Dowling presents promising investment opportunities. Investors looking to enter the housing market can expect capital appreciation based on the current trends. Rental properties may also offer attractive returns due to population growth driving rental demand.
For those considering investing in apartments as rental units or resale prospects, the lower median price point combined with positive appreciation makes them an accessible entry point into the real estate market.
Developers and investors should also note that while current trends favor residential properties, commercial investments could become more attractive as the population continues to grow and local commerce expands.
Future Market Outlook
The future market outlook for real estate in Dowling remains optimistic. Assuming consistent economic conditions and sustained population growth rates, we can expect continued upward pressure on both house and apartment prices.
If Dowling maintains its current trajectory of growth and development, long-term investments could see significant gains. However, potential investors should be aware of any changes in local policies or external economic factors that could impact these predictions.
An ongoing assessment of infrastructure developments, employment rates, and regional economic health will further inform future market conditions. Investors are encouraged to stay informed on these aspects for well-rounded decision-making in this promising market.
