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Downsview, Ontario Real Estate Market Data

Updated: Nov 2024

House

Median price $850,000
Monthly growth 1.4%
Quarterly trend 4.2%
Stock on market 0.6%

Apartment

Median price $550,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.5%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $700,000
3 bedrooms $850,000
4 bedrooms $950,000

Apartments

Bedrooms Median Price
1 bedrooms $450,000
2 bedrooms $550,000
3 bedrooms $650,000

Demographics

Current Population (2025) 16,000
Previous Population (2020) 15,500
Population Change 3.2%
Total Private Dwellings 7,000
Occupied Private Dwellings 6,500
Population Density (per km²) 2.3
Land Area (km²) 2,900.0

Market Analysis

Current Market Conditions and Trends in Downsview, Ontario

The real estate market in Downsview, Ontario is currently experiencing moderate growth. With the median house price standing at $850,000, there has been a year-over-year increase of 4.2%. This indicates a stable and growing market that is attracting homebuyers looking for value appreciation. On the other hand, apartments are slightly more affordable with a median price of $550,000 and have seen a smaller year-over-year price increase of 2.5%. The population in Downsview has reached 16,000 and is on an upward trajectory with a growth rate of 3.2%, suggesting a steady demand for housing driven by demographic factors.

Investment Opportunities and Potential in Downsview

Investors looking to enter the Downsview real estate market can find opportunities in both residential houses and apartments. The steady rise in property values provides potential for capital gains over time. Considering the smaller percentage increase in apartment prices, investors might find these properties particularly appealing for rental income strategies, as they offer a lower entry point into the market while still benefiting from the overall positive trend.

Future Market Outlook for Downsview

The future outlook for the Downsview real estate market remains optimistic. The consistent population growth suggests sustained demand for housing, which may continue to push property values upward. The current trends also indicate that both houses and apartments will remain attractive to buyers and investors alike. However, it’s important to note that market dynamics can be influenced by broader economic conditions, interest rates, and government housing policies; therefore, continuous monitoring of these factors is essential for accurate forecasting.