Dundela, 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 Dundela, Ontario is currently exhibiting steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This growth rate indicates a healthy market that is appreciating at a moderate pace, suggesting that Dundela’s housing sector is stable without being overheated.
Similarly, the median apartment price in Dundela is $300,000, which reflects a slightly lower year-over-year growth rate of 2.1%. This trend points towards a sustained demand for more affordable and perhaps more flexible housing options like apartments. The difference in growth rates between houses and apartments may also imply that buyers are looking for more budget-friendly options within the real estate market.
With a population of 15,000 that has grown by 7.1%, Dundela is experiencing demographic expansion which can be a strong contributing factor to the demand for housing. A growing population often correlates with increased housing needs, which bodes well for both the rental and buyer markets.
Investment Opportunities and Potential
The current growth trends suggest that investment opportunities in Dundela are promising. The consistent rise in median house prices offers potential for capital gains for those looking to invest in residential properties. Similarly, the apartment sector also presents opportunities, especially for investors aiming to cater to individuals or small families seeking more affordable living spaces or rental accommodations.
The notable population growth enhances these investment prospects as it signals ongoing or future demand for housing. Investors would do well to consider both new developments and existing properties, as the diverse needs of an expanding population could include preferences for modern amenities as well as traditional living spaces.
Future Market Outlook
The future market outlook for Dundela appears positive based on current trends and demographic indicators. If population growth continues at its current rate or accelerates, it is likely to further drive demand for housing across all sectors—single-family homes, townhouses, and apartments alike.
An ongoing appreciation trend at a sustainable rate suggests that the Dundela real estate market is poised for continued growth without the risk of rapidly inflating prices that could lead to a bubble. Investors and homeowners can expect a favorable climate assuming no major economic disruptions occur.
In summary, the Dundela real estate market presents an attractive landscape for investment with potential for both short-term income through rentals and long-term capital gains through property appreciation. As always, potential investors should monitor local and national economic indicators closely to maintain an informed strategy aligned with market dynamics.
