Kasabonika, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Kasabonika, Ontario has been experiencing steady growth over the past year. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase, indicating a stable demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000, which has grown at a slightly slower pace with a 2.1% year-over-year increase. This suggests that apartments are also in demand, but possibly catering to a different segment of the market or indicating a slight preference for stand-alone housing.
The population of Kasabonika is currently around 15,000 residents, and it has been growing at an impressive rate of 7.1%. This population growth can contribute to increased housing demand and may be driving the observed price increases.
2. Investment Opportunities and Potential
The consistent growth in both house and apartment prices coupled with a robust population increase indicates strong investment opportunities within Kasabonika’s real estate market. Investors may find potential in purchasing residential properties to cater to the growing population seeking housing. The current trends suggest that there is a sustained interest in both houses and apartments, providing options for investment strategies whether focusing on single-family homes or multi-unit residential buildings.
Given the solid year-over-year growth rates, investments made now could reap benefits as market conditions continue to strengthen. Furthermore, with the population expected to keep growing, demand for rental properties might also rise, presenting an opportunity for investors to generate steady rental income alongside potential capital gains.
3. Future Market Outlook
The real estate market outlook for Kasabonika is positive given the current trends and data available. If population growth continues at its current rate or even accelerates, housing demand is likely to follow suit, potentially pushing prices upward further still.
However, investors should also consider broader economic factors that could impact the real estate market including interest rates, employment rates in the region, and national economic trends which could affect buyer sentiment and affordability. Monitoring these factors will be crucial for accurately projecting future market conditions.
In summary, while current indicators point towards a healthy investment environment in Kasabonika’s real estate market with potential for continued growth in property values and rental demand, investors should remain vigilant of external economic influences that may affect future outcomes.