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
In Dundela, Ontario, the real estate market is currently characterized by steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates consistent demand and a healthy market for single-family homes. Meanwhile, the median apartment price is slightly lower at $300,000, experiencing a year-over-year growth of 2.1%. Apartments are witnessing moderate appreciation, making them an accessible entry point for first-time homebuyers or investors looking for lower-priced properties.
The population of Dundela has seen a substantial growth of 7.1%, which is significantly higher than the national average. This demographic shift suggests an inflow of residents that can sustain demand for housing in both the rental and ownership markets.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Dundela appear promising. The steady rise in house prices may offer long-term capital appreciation for investors targeting family homes. With the population on the rise, demand for such properties is likely to remain robust, suggesting that investments made now could reap benefits in future years.
Apartments present an opportunity for investors seeking more affordable entry points into the real estate market or looking to capitalize on the rental market. With a smaller initial investment required compared to houses, apartments could be ideal for investors aiming to diversify their portfolio or maximize rental yields.
Furthermore, with Dundela’s solid population growth rate, new development projects could be on the horizon to accommodate this influx of new residents. Savvy investors could benefit from early investments in these developments or by purchasing land slated for future residential expansion.
Future Market Outlook
The future market outlook for Dundela remains optimistic due to several contributing factors. The consistent appreciation in property values points towards a stable market with ongoing demand. Moreover, strong population growth typically signals sustained need for housing and can drive further development within the community.
If current trends persist, we can expect continued modest price appreciation across both houses and apartments. Investors and homeowners alike should monitor local economic developments and infrastructure improvements that may further impact property values positively.
In summary, Dundela offers a balanced real estate market with potential for both short-term gains through rental income and long-term capital growth through property value appreciation. As always, potential investors should perform thorough due diligence and consider local market nuances before making any investment decisions.
