Dunrobin, 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
As of the current assessment, Dunrobin’s real estate market exhibits a moderate growth pattern. The median house price in this community stands at $500,000, with an annual appreciation rate of 3.5%. Meanwhile, the median apartment price is pegged at $300,000, following a slightly more modest year-over-year increase of 2.1%. This growth can be partially attributed to the steady population increase, currently reported at 7.1%, bringing the total number of residents to approximately 15,000. The consistent population rise suggests a sustained demand for housing which contributes to the steady increase in property values.
Investment Opportunities and Potential
The investment potential in Dunrobin is notable given the ongoing market trends. Housing prices demonstrate resilience and progressive growth, indicative of a healthy market that could provide returns over time. Investors considering single-family homes may find this market particularly appealing due to its stronger year-over-year price increase compared to apartments. Additionally, as population growth continues, demand for rental properties may escalate, thus improving the prospects for multi-unit residential investment. The town’s growing demographic underscores the potential for both residential development projects and buy-and-hold investment strategies.
Future Market Outlook
The future outlook for Dunrobin’s real estate market remains cautiously optimistic. The sustained population growth rate of 7.1% implies a continuous influx of residents seeking housing, potentially driving up property values further. If these demographic trends persist alongside current economic conditions, one can anticipate ongoing appreciation in both house and apartment prices. However, as with any property market, external economic factors and changes in housing policies could alter these projections. Investors are advised to keep abreast of local developments that may impact their real estate holdings or future investment decisions.