Etobicoke, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.5% |
Apartment
| Median price | $650,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $750,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $700,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2025) | 350,000 |
| Previous Population (2020) | 345,000 |
| Population Change | 1.5% |
| Total Private Dwellings | 150,000 |
| Occupied Private Dwellings | 140,000 |
| Population Density (per km²) | 2.3 |
| Land Area (km²) | 150.3 |
Market Analysis
Current Market Conditions and Trends
In Etobicoke, Ontario, the real estate market has exhibited a steady growth pattern. The median house price currently stands at $950,000, reflecting a year-over-year increase of 2.8%. This consistent rise indicates a healthy demand for housing in the area, supported by its favorable location and community amenities. Similarly, the median apartment price is $650,000, with a slightly lower growth rate of 1.5% year-over-year. This slower pace in the apartment sector suggests a more balanced market but still points towards a positive trajectory.
Investment Opportunities and Potential
The investment landscape in Etobicoke presents multiple opportunities for both residential and rental markets. Given the current trends, purchasing property in this region could be beneficial for long-term capital appreciation. The steady growth in property values coupled with Etobicoke’s appeal as a suburban district within proximity to downtown Toronto makes it attractive for families and professionals alike. Investors should consider both single-family homes and apartments, as the demand for quality rental properties is bolstered by the population growth of 1.45%. The diverse range of neighborhoods within Etobicoke also allows investors to find properties that cater to various market segments.
Future Market Outlook
The future outlook of Etobicoke’s real estate market remains optimistic. With the population steadily increasing to approximately 350,000, there is an ongoing need for housing which may continue to drive prices upward. Infrastructure developments and enhancements in public transit are likely to further boost the desirability of the area. However, potential investors and homebuyers should also be aware of broader economic factors such as interest rates and employment levels which can impact market dynamics. Overall, if current trends persist, Etobicoke’s real estate market is positioned for continued growth over the coming years.
