Dundas, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $685,000 |
Monthly growth | 1.0% |
Quarterly trend | 4.2% |
Stock on market | 0.5% |
Apartment
Median price | $420,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $570,000 |
3 bedrooms | $685,000 |
4 bedrooms | $830,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $350,000 |
2 bedrooms | $420,000 |
3 bedrooms | $500,000 |
Demographics
Current Population (2025) | 16,000 |
Previous Population (2020) | 15,500 |
Population Change | 3.2% |
Total Private Dwellings | 6,500 |
Occupied Private Dwellings | 6,000 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Dundas, Ontario, the real estate market is currently experiencing steady growth. The median house price in the area is $685,000, which represents a year-over-year increase of 4.2%. This indicates a solid upward trend in the value of residential properties that has been consistent over the past year. Similarly, apartments in Dundas are also seeing a rise in value, with the median apartment price reaching $420,000 and an annual appreciation rate of 2.5%. This reflects a stable market for smaller housing units as well.
The population of Dundas stands at approximately 16,000 residents and has witnessed a healthy growth rate of 3.2%. This demographic expansion contributes to the demand for housing and supports the ongoing appreciation in property values. As such, both primary residence buyers and real estate investors are finding Dundas to be an attractive market with steady growth potential.
Investment Opportunities and Potential
Dundas presents various investment opportunities for those looking to enter the real estate market or expand their existing portfolios. Given the town’s growing population and consistent property value appreciation, investment in residential properties could yield substantial returns over time. Single-family homes, due to their higher annual appreciation rate compared to apartments, present an opportunity for investors looking for capital gains through long-term ownership or renovation flips.
On the other hand, apartments in Dundas offer a more accessible entry point into the property market with a slightly lower but still positive year-over-year appreciation trend. These properties might be particularly appealing to investors interested in generating rental income, as they cater to individuals or small families seeking affordable living options within a growing community.
Future Market Outlook
The future market outlook for Dundas remains optimistic based on current trends and demographic factors. With a steadily growing population and a sustained increase in property values, it is reasonable to anticipate that housing demand will continue to rise. This increased demand is likely to support further growth in property values over the coming years.
Moreover, as Dundas continues to develop its infrastructure and amenities to accommodate its expanding population, these enhancements will likely attract more residents and investors alike. It is important for prospective buyers and investors to monitor local developments closely as these can have significant impacts on property valuations and overall market dynamics.
In conclusion, Dundas offers a promising environment for real estate investment with its stable growth patterns and positive economic indicators. While historical data points towards continued appreciation in property values, potential investors should conduct thorough due diligence and consider local market factors before making any financial commitments.