Duncrief, 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
Current Market Conditions and Trends
The real estate market in Duncrief, Ontario is currently experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This consistent rise in housing prices reflects a healthy demand for residential property in the area. Similarly, the median apartment price has reached $300,000, with a slower yet positive year-over-year growth trend of 2.1%. These statistics suggest that while houses are seeing more rapid appreciation in value, apartments are also gaining worth at a stable rate.
Investment Opportunities and Potential
The investment landscape in Duncrief appears promising. The steady growth in property values indicates that the real estate market is resilient and offers potential for capital gains over time. For investors looking to purchase rental properties, the increasing population—which has grown by 7.1%—implies a rising demand for housing. This population growth can lead to a higher occupancy rate and potentially higher rental income for investors. However, it’s essential for potential investors to conduct thorough due diligence on specific neighborhoods and property types to maximize return on investment.
Future Market Outlook
Looking ahead, the future of Duncrief’s real estate market seems optimistic. The solid pace of population growth coupled with increasing property values suggests that demand for housing will continue to bolster the market. If these trends persist, we can expect both house and apartment prices to maintain an upward trajectory. Investors and homeowners who enter the market now may benefit from continued appreciation in property values. Nonetheless, it is crucial to stay informed about local developments that could influence the market dynamics, such as changes in economic conditions or government housing policies.