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Eldee, 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 $310,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $425,000
3 bedrooms $525,000
4 bedrooms $625,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $360,000
3 bedrooms $460,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Eldee, Ontario Real Estate Market Analysis


Current Market Conditions and Trends

The real estate market in Eldee, Ontario is currently experiencing steady growth. The median house price stands at $525,000, with a year-over-year increase of 4%. This suggests a healthy demand for housing in the area, reflecting stability in the local market conditions.

Apartments are also showing a positive trend with the median price set at $310,000 and an annual appreciation rate of 2.5%. This slower growth rate compared to houses indicates that while there is interest in more affordable housing options, the demand is not as robust as for single-family homes.

The population of Eldee has reached approximately 15,500, with a growth rate of 3.3%, which is above average and suggests that the area is attracting new residents at a healthy pace. This influx can be attributed to factors such as employment opportunities, quality of life, and the appeal of investing in a growing community.

Investment Opportunities and Potential

The consistent population growth paired with appreciating property values offers promising investment opportunities in Eldee. Investors should consider both residential and rental markets due to the increasing demand for housing driven by population expansion.

Houses represent a solid investment with their higher appreciation rate, indicating a strong resale market. On the other hand, apartments offer a more accessible entry point for investors and are well-suited for long-term rental strategies given the ongoing need for affordable housing options.

The market data suggests that Eldee’s real estate is likely to remain attractive to investors looking for both capital gains and stable rental income. However, it’s crucial to consider factors such as location within Eldee, property condition, and potential future developments that might affect property values.

Future Market Outlook

The outlook for Eldee’s real estate market remains optimistic based on current trends and demographic indicators. The sustained population growth should continue to drive demand for both purchasing and renting properties. If this trend persists, the real estate market could see further increases in property values over the coming years.

As long as economic conditions remain favorable and infrastructure developments keep pace with population growth, Eldee is poised to maintain its upward trajectory in the real estate sector. Investors and homebuyers who enter the market now may benefit from continuing appreciation in property values.

It’s important for stakeholders to monitor economic indicators such as employment rates, interest rates, and government housing policies since these can significantly influence market dynamics. By staying informed and adaptative to changes, individuals can make strategic decisions to capitalize on Eldee’s real estate potential.