Etobicoke, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,045,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.5% |
Apartment
| Median price | $675,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $900,000 |
| 3 bedrooms | $1,045,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $550,000 |
| 2 bedrooms | $675,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2024) | 34,500 |
| Previous Population (2019) | 33,000 |
| Population Change | 4.2% |
| Total Private Dwellings | 15,000 |
| Occupied Private Dwellings | 14,000 |
| Population Density (per km²) | 2.3 |
| Land Area (km²) | 2,000.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Etobicoke, Ontario is experiencing a period of moderate growth. The median house price stands at $1,045,000, which reflects a stable year-over-year increase of 2.8%. Similarly, the median apartment price has seen a rise to $675,000, with a slightly lower growth rate of 1.5% year-over-year. These trends indicate a healthy market that is growing at a sustainable pace.
The relatively high median prices suggest that Etobicoke is a desirable area to live, attracting both local and international buyers. The housing demand is supported by the local population of 34,500 residents, which has grown by an impressive 4.2%. This demographic expansion fuels the real estate market and contributes to the ongoing demand for both housing purchases and rental properties.
Investment Opportunities and Potential
Investors looking to enter the Etobicoke real estate market will find opportunities primarily in residential properties. Given the steady increase in property values, long-term investment strategies are likely to be particularly effective. The consistent rise in both house and apartment prices points to strong capital appreciation potential over time.
The robust population growth also suggests a sustained or increasing demand for rental properties, offering investors the possibility of stable rental income streams alongside property value appreciation. Additionally, new developments and infrastructure projects may present lucrative investment opportunities as they can lead to increased local property values.
Future Market Outlook
The future outlook for Etobicoke’s real estate market remains positive. Population growth remains a key driver of housing demand and is expected to continue given the area’s appeal as a residential community close to Toronto’s core. The steady growth in property prices indicates that there is ongoing confidence in the market’s stability and prospects.
While current trends suggest healthy growth will persist, investors should stay informed on factors such as interest rates, economic conditions, and government policies affecting homeownership, which could influence market dynamics. However, based on the data available at this time, Etobicoke presents itself as an attractive location for both homebuyers and real estate investors looking towards future gains.
