Eastview, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $415,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 14,800 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Eastview, Ontario, is currently experiencing moderate growth. With a median house price of $495,000 and an upward year-over-year trend of 3.8%, the market demonstrates steady appreciation in property values. Apartments are also seeing a positive movement with the median price set at $295,000, growing at a slightly slower pace of 2.5% year-over-year. This growth is underpinned by a robust population increase of 3.4%, indicating that Eastview is experiencing a healthy influx of new residents likely driving demand for housing.
Investment Opportunities and Potential
The investment landscape in Eastview appears promising due to the consistent upward trend in property values. For investors looking for long-term capital gains, single-family homes present a compelling option given their higher rate of appreciation compared to apartments. However, apartments may offer more affordable entry points into the real estate market and could be particularly attractive to those aiming to cater to individuals or smaller families who may prefer more compact living spaces or might be priced out of the house market.
With the ongoing population growth, rental properties could also present a lucrative opportunity. Investors might consider both purchasing existing properties for rental purposes or exploring new construction developments to meet the increasing housing demand.
Future Market Outlook
The future outlook for the Eastview real estate market remains optimistic. Assuming that economic conditions remain stable and the population continues to grow at its current rate or higher, demand for housing is likely to keep pushing prices upward. The sustained growth in both house and apartment prices suggests that there is ongoing confidence in Eastview’s market stability and potential for further investment returns.
However, investors should stay informed about local developments that could impact the market, such as changes in zoning laws, infrastructure projects, or significant employment shifts which could either bolster or strain future market performance.
