Eastview, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| 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 | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $675,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Eastview, Ontario, the real estate market is currently experiencing a steady growth pattern. The median house price stands at $525,000, indicating a solid year-over-year growth of 4%. This suggests a stable market with consistent appreciation in property values. The apartment sector shows a slightly slower growth rate, with the median price at $320,000 and an annual appreciation trend of 2.5%. The demand for housing in Eastview is likely fueled by its growing population, which has seen an increase of 3.3%, suggesting that the town is attracting new residents at a healthy rate.
Investment Opportunities and Potential
The data points to promising investment opportunities in Eastview’s real estate market. Given the upward trend in house prices and the steady population growth, investors might find the residential sector attractive for both rental and resale purposes. Long-term investments in single-family homes appear particularly promising due to the higher growth rate in this segment. Apartments offer a more modest return but could be appealing for those looking to capitalize on rental demand driven by newcomers to the area who may not be ready to purchase property.
Future Market Outlook
Looking ahead, Eastview’s real estate market shows potential for sustained growth. The consistent increase in property values, combined with ongoing population expansion, indicates a favorable outlook for continued investment interest. Assuming these trends persist, Eastview could maintain its trajectory as an attractive market for homebuyers and investors alike. However, it is important for stakeholders to monitor economic factors and local developments that could impact these projections.
