Dunsford, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,505.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dunsford, Ontario currently presents a stable growth environment. The median house price in the region stands at $510,000, which marks a year-over-year increase of 4%. This steady climb suggests a healthy demand for single-family homes and reflects the general confidence in the housing sector within Dunsford.
Similarly, the median price for apartments is set at $320,000, with a slower yet consistent growth rate of 2.5% year-over-year. This could indicate a more cautious approach from investors or potential residents towards multi-family dwellings or could simply reflect a different supply and demand dynamic in this segment.
The population of Dunsford has reached 15,200 individuals, growing at 2.7% annually. The robust population growth contributes to increasing demand in local real estate, further supporting the market’s upward trends.
Investment Opportunities and Potential
For those considering investment opportunities in Dunsford, the current data suggests that investing in single-family homes could be particularly promising given the higher growth rate experienced by this sector. With house prices rising consistently at 4%, investors may find that these properties offer a compelling balance of risk and reward.
Apartments present an alternative investment opportunity with a slightly lower growth rate. However, they might appeal to investors looking for a more affordable entry point into the market or those focused on rental income, as population increases may lead to higher demand for rental units.
Further analysis on rental yields, vacancy rates, and local economic factors would provide a comprehensive picture for evaluating investment potential in both housing types.
Future Market Outlook
The future market outlook for Dunsford’s real estate appears cautiously optimistic. The sustained population growth coupled with consistent property value increases suggests that the market is likely to maintain its upward trajectory, barring unforeseen economic shifts or policy changes that could impact homeowner affordability.
As the local economy adapts to broader national and global trends, it will be crucial for investors and potential homeowners to stay informed about shifts in interest rates, employment figures, and regional development plans that could influence future market conditions.
Analyzing current trends alongside long-term development strategies within Dunsford will be key to understanding where the most promising areas for investment may lie. Stakeholders should also consider environmental sustainability and infrastructure improvements as critical factors shaping the desirability and value of real estate in this growing community.
