Downsview, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $675,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $700,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2024) | 17,000 |
| Previous Population (2019) | 16,000 |
| Population Change | 6.3% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,200 |
| Population Density (per km²) | 2.0 |
| Land Area (km²) | 3,000.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Downsview, Ontario is currently experiencing a period of steady growth. With the median house price sitting at $950,000 and showing a year-over-year increase of 4%, the market is demonstrating resilience and a positive trajectory. The apartment sector is also witnessing a growth trend, albeit at a slightly more moderate pace, with the median apartment price reaching $675,000 and an annual appreciation rate of 2.5%. The population of approximately 17,000 individuals has seen a significant growth rate of 6.25%, which suggests an increasing demand for housing in the area.
Investment Opportunities and Potential
The consistent upward trend in property values coupled with the robust population growth indicates that Downsview presents substantial investment opportunities. Investors can expect continued demand for housing, especially considering the area’s appeal to both families and professionals. With the current market conditions providing a stable environment for investment, there is potential for both short-term gains through rental income and long-term capital appreciation. Particularly, new developments and properties that cater to the needs of the growing community are likely to be sound investments.
Future Market Outlook
Looking ahead, the Downsview real estate market shows promising signs for sustained growth. The ongoing population increase is expected to drive demand for housing further. If current trends persist, investors and homeowners can anticipate continued appreciation in property values. It is important for stakeholders to monitor factors such as local economic health, interest rates, and government housing policies as these could impact future market dynamics. Nonetheless, given the current data, Downsview stands as an attractive location for real estate investment with a positive outlook.
